Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
March 15, 2016
TENNECO RECOGNIZED BY GENERAL MOTORS AS A 2015 SUPPLIER OF THE YEAR WINNER
Lake Forest, Ill. March 15, 2016 - Tenneco Inc. (NYSE:TEN) was named a GM Supplier of the Year by General Motors during its 24th annual Supplier of the Year awards ceremony held Thursday, March 10 at Cobo Center in Detroit, Mich.
GM recognized 110 of its best suppliers from 17 countries who have consistently exceeded GM’s expectations, created outstanding value, or brought new innovations to the company. The announcement represented the most suppliers GM has recognized since debuting the Supplier of the Year event in 1992.
“We are focused on building positive supplier relationships, bringing new, customer-centric innovations to GM, and being the OEM of choice among suppliers,” said Steve Kiefer, GM vice president, global purchasing and supply chain. “The companies we recognize tonight not only have brought innovation, they delivered it with the quality our customers deserve.”
GM’s 2015 supplier recognition represents a nearly 40 percent increase in the number of suppliers honored compared to 79 recipients in 2014. More than half of the suppliers are repeat winners from 2014.
Winning suppliers were chosen by a global team of GM purchasing, engineering, quality, manufacturing, and logistics executives and selected based on performance criteria in Product Purchasing, Indirect Purchasing, Customer Care and Aftersales, and Logistics.
“We’re extremely honored to receive this important recognition from General Motors for our Elastomers team,” said Gregg Sherrill, Tenneco chairman and chief executive officer. “This award demonstrates Tenneco’s commitment to helping create greater value for our customers and delivering world-class Clean Air and Ride Performance products and solutions.”
Tenneco is an $8.2 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 30,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive, commercial truck and off-highway original equipment markets and the aftermarket. Tenneco’s principal brand names are Monroe®, Walker®, XNOx® and Clevite®Elastomer.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com