 News of April 18, 1999
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| Lear
Corporations GM Division Named General Motors 1998 Supplier of the Year |
| Southfield, Mich. April 9, 1999 - For the third time and the second
consecutive year, Lear Corporation (NYSE: LEA) has been named General Motors' (NYSE: GM)
Supplier of the Year. The 1998 award again recognizes Lear's GM Division as a worldwide
leader in product development, technology, manufacturing, continuous improvement, value
and, most importantly, quality in the automotive interior components and systems it
provides to the world's largest automaker. The Supplier of the Year award was
established by GM in Europe more than 20 years ago and became an international award in
1992. The prestigious award will be formally presented to Lear officials during a ceremony
in Detroit on May 5. |
Harold R. Kutner, Vice President GM |
| Prior to again being named Supplier of the Year, Lear's GM Division went
through a quantitative analysis by several General Motors groups. Lear and the other
companies recognized were selected by teams of purchasing, quality, engineering and
manufacturing experts from GM operations around the world. The team reviewed supplier
performance in quality, service and price during the 1998 calendar year, recognizing
supplier companies worldwide who exceed specific performance standards in those areas. "GM's
Suppliers of the Year represent the 'best of the best,'" said Harold R. Kutner, Vice
President and Group Executive, Worldwide Purchasing and North American Production control
& Logistics. "Of GM's 30,000 suppliers, Lear Corporation is one of only 184 that
have achieved Supplier of the Year distinction for 1998, an honor accorded to those
suppliers who have achieved world-class levels of quality, service, technology and price
in support of General Motors."
"On behalf of all of the Lear GM Division staff, whose hard work truly earned this
award, we're honored to be named Supplier of the Year," said Joe Zimmer, President of
Lear's GM Division. "Our objective has always been to assist General Motors in
continuing to be the world leader in quality vehicles and customer satisfaction. That we
have earned this recognition three times shows that Lear can be counted on as a partner to
GM."
Lear Corporation, a Fortune 500 company headquartered in Southfield, Michigan, USA, is
one of the world's largest automotive suppliers, with 1998 sales revenues of $9.1 billion.
The company's world-class automotive interior products are designed, engineered and
manufactured by more than 60,000 employees in over 200 facilities located in 28 countries.
Information about Lear and its products is available on the Internet at
http://www.lear.com.
General Motors Worldwide Purchasing is a global organizations operating in the four
main regions of the world: Asia Pacific, Europe, Latin America and North America. It is
responsible for annual purchases of about $86 billion in goods and services in support of
approximately 8.6 million vehicles GM annually produces in 30 countries around the world.
|
| Dearborn,
Mich. April 13, 1999 - Visteon Automotive Systems continues to build a talented global
leadership team with the appointment of Mark M. Malcolm to the position of vice president
of finance. Malcolm, 45, joins Visteon from Ford Investment Enterprises Corp., where he
served as chief financial officer for the organization. Malcolm began his career with Ford
Motor Company in 1977 and has held a variety of financial posts, including controller of
vehicle operations for Ford Automotive Operations, manager of plant operations and
manufacturing cost analysis, manager of segment strategy and positions in sales, treasury,
and investor relations. He was instrumental in helping Ford establish a vehicle line team
process, an affordable business structure, and a cost leadership organization.
"Mark brings Visteon invaluable experience in areas like financial analysis, team
building, and overall business management," said Craig H. Muhlhauser, president,
Visteon. "He has extensive experience and the kind of innovative leadership skills
that are essential for the continued transformation of Visteon into a consumer-driven,
technology organization."
Malcolm earned a bachelor's degree in economics and psychology in 1975 from Dartmouth
College, and a master's degree in finance and accounting in 1977 from the University of
Chicago. Malcolm succeeds Thomas J. Webb, who has become chief program director of finance
process and systems transformation at Ford.
With the global support of approximately 100 technical, manufacturing, sales and
service facilities located in 20 countries, Visteon is leveraging the talents of 74,000
employees to deliver innovative, consumer-driven automotive systems solutions to its
customers. |
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