GM Names a Financial Services Company as 'Supplier of the Year'
27 April 1998
General Motors Names a Financial Services Company as 'Supplier of the Year' For the 1st Time in its History;Michigan-based BBK, Ltd. Is Recognized as a Worldwide Leader Among GM Suppliers SOUTHFIELD, Mich., April 27 -- A financial services company was honored today by General Motors Corporation as "Supplier of the Year." It is the first time a financial services company of any kind has won the prestigious honor. BBK, Ltd. received the award during a ceremony at GM Tribute '98 in Mexico City. BBK, Ltd., based in Southfield, Mich., is a leading corporate revitalization and financial consulting company. "The fact that this is the first time we have chosen a financial services company for this award says a lot about the accomplishments of BBK, Ltd. BBK demonstrated throughout 1997 it is among the 'Best of the Best' suppliers for assisting GM with financial and operational matters involving suppliers," said Harold R. Kutner, GM's Vice President for Worldwide Purchasing and North American Production Control & Logistics. "BBK is truly globally competitive and, by virtue of this award, is recognized as a worldwide leader in continuous improvement, value and most important, quality." BBK, Ltd. President B.N. Bahadur who received the award at the presentation in Mexico City, said, "We are the first-ever financial services company to receive this prestigious award and that makes it even more significant. We are pleased GM recognizes the quality of our services. This honor highlights the tremendous ability of BBK's staff, and is a tribute to its hard work and dedication." BBK provides a complete range of corporate turnaround and revitalization services including senior management counsel, systems analysis and hands-on financial and operation management. BBK team members work at client sites as an integral part of the management team. Its staff includes former CEOs, COOs and CFOs from major financial and manufacturing institutions. "We challenge ourselves every day to be the best, to meet the ever- changing needs and expectations of our customers," said Bahadur. "Based on competitive situations and other market conditions, our clients face new and unique opportunities all the time. We have to be ready to assist them and develop solutions for them." BBK, Ltd. is one of 182 suppliers recognized by GM as a Supplier of the Year for 1997. BBK was selected from among more than 30,000 GM supplier companies representing 25 countries. The GM Supplier of the Year awards are a long-standing tradition at GM. The awards began in Germany more than 20 years ago and were expanded to all of GM Europe in 1989. The Supplier of the Year awards became an international award in 1992. BBK, Ltd. has provided management and revitalization services for more than 500 companies throughout North America. Its client companies generate annual sales revenues ranging from $5 million to several billion. BBK works with companies in a variety of industries, including manufacturing, service organizations, retail, transportation, technology, wholesale and distribution. It employs more than 35 management, finance and operations professionals. SOURCE BBK, Ltd.