AEP makes debut on Fortune World’s Most Admired Companies list

AEP has been named to Fortune magazine’s 2014 World’s Most Admired Companies list in the electric and gas utilities sector. This was AEP’s first year participating in the survey, which measures nine attributes related to financial performance and corporate reputation.

Overall, AEP ranked seventh in its sector. The company’s highest rankings were in the areas of people management, quality of management and use of corporate assets.

Each year, Fortune surveys top executives, directors and financial analysts about the companies in their industry based upon the nine criteria: financial soundness, people management, quality of management, long-term investment, quality of products/services, innovation, use of corporate assets, social responsibility and global competitiveness. A total of 692 companies from 30 countries were surveyed to arrive at this year’s list.“AEP’s inclusion on the World’s Most Admired Companies list reflects employees’ commitment to improving the customer experience and creating value for our shareholders as we transform our company to meet the energy needs of the future,” said Nick Akins, AEP chairman, president and chief executive officer. “Employees are proud of our history of innovation. And I am proud of the work everyone is doing to ensure we can continue providing customers with safe, reliable and affordable power for decades to come. Being named to Fortune’s list of most admired companies is proof that employees’ efforts to improve the health of our culture and to continuously improve in general are paying dividends.”