MUSCATINE, Iowa - HNI Corporation (NYSE: HNI) announced today it has been named by Chief Executive magazine as one of the world's Best Companies for Leadership Development for 2014. HNI Corporation is listed number 21 on the prestigious annual ranking, which appears in the publication's January/February 2014 issue. This is the first time the Corporation has earned this recognition. Selection is based on several criteria, including formal leadership development processes, CEO commitment to leadership development programs, depth of the leadership funnel (as measured by the percentage of mid-level and senior management positions filled internally) and shareholder value performance metrics.
"We are pleased to be recognized by one of the most respected publications in the field of organizational leadership," said Stan A. Askren, HNI Corporation Chairman, President and CEO. "Being named one of the world's Best Companies for Leadership Development is an acknowledgement of HNI's commitment to developing members through both formal leadership programs and cross-functional, on-the-job leadership experiences. Our ongoing dedication to member development has cultivated leaders who truly understand how to deliver long-term value to our shareholders and exceed our customers' expectations. The recent recognition in Chief Executive magazine reflects the strength of a culture which encourages and recognizes excellence, as well as members' devotion to making our company–and each other–successful."
Chief Executive magazine's 40 Best Companies for Leadership Development were chosen from among public companies with minimum annual revenue of $1 billion. The ranking is based on a survey of leading organizations globally, and is conducted in partnership with Chally Group Worldwide, a Dayton, Ohio-based sales and leadership talent management firm.
HNI Corporation is a NYSE traded company (ticker symbol: HNI) providing products and solutions for the home and workplace environments. HNI Corporation is the second largest office furniture manufacturer in the world and is also the nation's leading manufacturer and marketer of gas- and wood-burning fireplaces. The Corporation's strong brands, including HON®, Allsteel®, Gunlocke®, Paoli®, Maxon®, Lamex®, HBF® , ArtcobellTM, Midwest Folding ProductsTM, ERGO®, Heatilator®, Heat & Glo®, Quadra-Fire® and Harman StoveTM have leading positions in their markets. HNI Corporation is committed to maintaining its long-standing corporate values of integrity, financial soundness and a culture of service and responsiveness. More information can be found on the Corporation's website at www.hnicorp.com.
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