I am very pleased to announce Ken's promotion to executive vice president, which reflects his outstanding leadership and performance in a very critical role for Tenneco. Ken leads our global finance organization with sound judgment, exceptional knowledge and strong experience in all areas of finance. He has successfully driven our ongoing efforts to de-leverage the company and improve financial flexibility, our number one goal for Tenneco.
Quotes about tenneco (3 Quotes)
Tenneco said its outlook for 1999 remains positive. Retail trends indicate that sales of Tenneco products are increasing and beginning to open up inventory channels, ... The original equipment business continues to grow significantly as we introduce more of our parts on more platforms amid a good outlook for vehicle production in North America and Europe and recovery in Asia.
The operating environment for automotive supply companies remains as challenging as ever with a lot of uncertainty in the North American markets. Our formula for success remains unchanged. We will continue focusing on those areas within our control, executing with discipline on the fundamentals and maintaining a relentless focus on controlling costs. We should also continue to benefit from our balance and diversification in terms of products, markets served and our customer base as well as from a strong new product and technology pipeline designed to help Tenneco win incremental OE and aftermarket business.