Tuesday, February 22, 2005

Herman Miller Tops Fortune Magazine's 2005 "Most Admired Companies" List for Furniture Industry

Fortune magazine has released its annual "Most Admired Companies" list, and once again Herman Miller ranks at the top of its industry, and among the top 20 companies overall in its combined score for eight measures of reputation.

Herman Miller leads the eight companies included in the Furniture category with an overall score of 7.90. Herman Miller placed first in six out of eight key attributes including Innovation, Employee Talent, Use of Corporate Assets, Social Responsibility, Long-term Investment, and Quality of Products/Services.

Herman Miller has led the furniture industry's "Most Admired" list in 17 out of the 19 years that Fortune has included the category in its definitive survey of corporate reputation.

Herman Miller is one of 23 Michigan companies to make the "Most Admired" list and among three within the state to lead their respective industries. In all, 65 industries were ranked in the 2005 "Most Admired" survey results.

To reach its findings, Fortune and its survey partner, Hay Group, asked the top managers at 582 companies (the largest by revenues in each sector) to judge their competition. In all, 10,000 executives, directors, and securities analysts rated the companies in their industry on the eight attributes.

The complete "Most Admired" list is available online to Fortune subscribers at the magazine's website, www.fortune.com, and will appear in the next print issue of the magazine.

Interior Design has joined in the recognition of Herman Miller's #1 ranking in the March 7 issue of their LiveWire e-zine.

Herman Miller helps create great places to work by researching, designing, manufacturing, and distributing innovative interior furnishings that support companies, organizations, and individuals all over the world. The company's award-winning products, complemented by furniture-management and strategic consulting services, generated $1.34 billion in revenue during fiscal 2004. Herman Miller is widely recognized both for its innovative products and business practices. In fiscal 2004 Herman Miller was named recipient of the prestigious National Design Award for product design from the Smithsonian Institution's Cooper-Hewitt, National Design Museum and was again included in Business Ethics magazine's "100 Best Corporate Citizens." In the current year the company has been named to the Dow Jones Global Sustainability Index and was again cited by Fortune magazine as the "Most Admired" company in its industry in the annual survey of industry executives and analysts. The company trades on the NASDAQ stock market under the symbol MLHR. For additional information visit www.HermanMiller.com.

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