SOUTHFIELD, Mich., Feb. 3, 2021 -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, has been named to FORTUNE magazine’s “World’s Most Admired Companies” list for the fifth consecutive year.
Lear was awarded fourth place overall in the Motor Vehicle Parts category – the highest ranking for a U.S.-based automotive supplier.
“Receiving this accolade once again is a tremendous tribute to our diverse team and inclusive culture,” said Ray Scott, Lear President and CEO. “Their commitment to operational excellence, bringing innovative solutions to our customers and fostering an inclusive culture are the reasons for our success. We pride ourselves on working as a team, understanding our customers’ needs, supporting local communities and driving long-term profitable growth.”
In 2020, Lear took several actions to support these objectives, including:
In collaboration with global management consulting firm Korn Ferry, FORTUNE compiled its annual list after surveying 3,820 executives, directors, and analysts from 670 global companies in 52 industry groups about corporate reputation.
Respondents ranked the reputations of companies based on nine factors, including management and leadership quality, product and service quality, innovation, social responsibility, global competitiveness and value as a long-term investment.
About Lear Corporation
Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Our diverse team of talented employees in 39 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 166 on the Fortune 500. Further information about Lear is available at lear.com, or follow us on Twitter @LearCorporation.