Otis is being named one of the World's Most Admired Companies by Fortune magazine. This recognition is a testament to their hard work and dedication and a reflection of the high esteem in which they are held by business leaders and industry analysts.

Otis has improved their ranking and moved up 13 spots to 226 on the list of the World's Most Admired Companies by Fortune magazine. It's noteworthy that the company received high marks for the quality of its management and products and services in the industrial machinery category.

“I couldn't be prouder of our colleagues around the globe for their dedication and contributions that make a recognition like this possible,” says Executive Vice President and Chief People Officer Abbe Luersman. “As we work to make the world a taller, faster, and smarter place to live, I want to share my appreciation with everyone who helps our customers, passengers, and communities thrive.”

The World's Most Admired Companies list is an annual ranking of companies compiled by Fortune magazine. The ranking is based on surveys of executives, directors, and analysts from across different industries.

The nine attributes used to evaluate the companies include innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products/services, and global competitiveness. The list is considered prestigious and is widely followed by the business community.

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Source: Otis