Pharmaceuticals services giant Quintiles ranked first in its industry category in Fortune magazine’s latest list of the world’s “most admired companies.”
Durham-based Quintiles, which moved up from last year’s No. 3 ranking within its industry, was among a contingent of companies that are either headquartered in the Triangle or have a major presence here that made this year’s list. Others that made the list include BASF, Bayer, Cisco Systems, IBM, Lenovo and MetLife.
Of those companies, IBM was the only one to rank among the overall top 50 most-admired companies. It was ranked No. 32 overall, down from No. 25 last year. IBM also ranked No. 2 in among information technology services companies.
The top five companies overall on this year’s list, in order, are: Apple, Alphabet, the corporate parent of Google, Amazon, Berkshire Hathaway and Walt Disney.
The list was culled from the 1,000 largest U.S. companies and 500 largest global businesses by Korn Ferry Hay Group, which surveyed company executives, directors, and analysts and asked them to rate businesses in their industry on nine criteria. Those criteria include innovation, social responsibility, global competitiveness and quality of products and services.
In a statement, Quintiles CEO Tom Pike said that making the list for the second consecutive year was “a reflection of the caliber and dedication of our 36,000 employees around the world.” Quintiles has about 2,500 workers in the Triangle.
Quintiles ranked No. 1 in four categories within its industry: quality of product/services, global competitiveness, long-term investment and social responsibility. Quintiles helps pharmaceutical and biotechnology companies conduct clinical trials of experimental drugs and analyze the results.
Lenovo, which has a headquarters in the Triangle, moved up from No. 4 last year to No. 3 in the computer industry.
Cisco ranked second among network and other communications equipment companies, down from No. 1 last year.
Bayer was tied for No. 1 in chemicals, up from a tie for No. 3, while BASF ranked fifth in that category. BASF also was tied for third last year.
MetLife ranked No. 4 among life and health insurance companies, down from No. 1 previously.