SOUTHFIELD, Mich., Aug. 19, 2016 /PRNewswire/ -- Lear Corporation
[NYSE: LEA], a leading global supplier of automotive seating and
electrical systems, today announced that it was recently inducted
into the Billion Dollar Roundtable Inc. (BDR), a top-level
corporate advocacy organization that promotes supply chain
diversity excellence, during the annual BDR Summit in Atlanta.
"We have significantly increased our focus on diversity in
recent years both in terms of minority sourcing and our
organization. Valuing diversity makes Lear a stronger and
better company. I am pleased that we have reached this very
important milestone with women and minority suppliers by exceeding
$1 billion in sourcing with
them. While we have more work to do, we have been making
steady progress in all elements of diversity. I am gratified
that the Billion Dollar Roundtable, our key customers and others
have recognized our efforts," said Matt
Simoncini, President and Chief Executive Officer.
The Billion Dollar Roundtable honored Lear Corporation at a
formal induction ceremony today during its Summit in Atlanta. BDR summits convene thought
leaders, procurement executives and other stakeholders to offer
critical reviews of current approaches to supplier diversity and
devise solutions to foster new opportunities. The theme of
the Atlanta Summit was "Leading Breakthroughs in the Supply Chain:
Trends, Economic Impact & Innovation."
"Lear's induction offers an exciting addition into the Billion
Dollar Roundtable. Lear operates a robust supplier diversity
program and also is a major Tier I supplier to major automotive
companies, including other BDR members. Lear joins 21 other
U.S.-based corporations in an exclusive group of companies that
have attained $1 billion or more in
annual Tier I supply-chain diversity spend, including its two
largest customers General Motors and Ford in the
organization. We will welcome Lear's unique contributions at
the BDR table," said BDR Chairman Rick
Hughes.
"Lear joins the BDR at a time when our recent annual summits
have examined topics that include how global supply chains are
being impacted by innovation and emerging technologies. These
changes are redefining the roles of diverse suppliers within
corporate supply chains. Lear is a model for advancing new
approaches within its business and industry, and the BDR looks
forward to Lear's ideas and thought leadership on these and other
current topics in supplier diversity," said Sharon Patterson, BDR co-founder, president and
CEO.
In addition to Lear, other BDR member companies are AT&T
Inc., Avis Budget Group, Bank of America, The Boeing Co., Comcast
NBCUniversal, Cummins Inc., Fiat Chrysler., Dell Inc., Ford Motor
Company, General Motors Corp., Honda North America, IBM Corp.,
Johnson Controls Inc., Johnson & Johnson, Kaiser-Permanente,
The Kroger Co., Microsoft Corp., Procter & Gamble Co., Toyota
Motor North America Inc., Verizon Communications Inc. and Wal-Mart
Stores Inc.
ABOUT LEAR CORPORATION
Lear Corporation (NYSE: LEA) is
one of the world's leading suppliers of automotive seating and
electrical distribution systems. Lear serves every major automaker
in the world, and Lear content can be found on more than 350
vehicle nameplates. Lear's world-class products are designed,
engineered and manufactured by a diverse team of approximately
140,000 employees located in 36 countries. Lear currently
ranks #154 on the Fortune 500. Lear's headquarters are in
Southfield, Michigan.
Further information about Lear is available at http://www.lear.com
or follow us on Twitter @LearCorporation.
ABOUT THE BILLION DOLLAR ROUNDTABLE
The Billion
Dollar Roundtable Inc. was created in 2001 to recognize and
celebrate corporations that achieve spending of $1 billion or more with diverse suppliers,
including minority- and woman-owned companies. The BDR promotes and
shares best practices in supply chain diversity excellence through
summits, collaboration with other organizations and the production
of policy papers. BDR member companies review and discuss issues,
opportunities and strategies related to supplier diversity as a way
to advance opportunities for corporations and diverse suppliers.
The BDR encourages corporate entities to continue growing their
supplier diversity programs by increasing commitment and spending
levels each year. For more information, go to
billiondollarrountable.org.
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SOURCE Lear Corporation