How do smart companies build shareholder value?
Two leaders who share that challenge will share their views at the Automotive News World Congress. They are Mike Losh, General Motors' CFO, and Thomas Sidlik, DaimlerChrysler's executive vice president for procurement and supply.
They will be among five speakers at a Wednesday, Jan. 19, panel discussion. Also appearing with them will be Jeff Sands, the head of PricewaterhouseCoopers' investment banking practice in North America.
Losh is the tough-minded, chief cruncher behind GM's efforts to cut costs out of every facet of the operation, from raw materials through manufacturing and distribution of the finished product.
Cost cutting, earlier investment in new products and record industry sales combined to propel GM to record revenues of $42.8 billion in the third quarter of 1999. GM also had record net profits per share.
Sidlik ascended into the industry limelight two years ago, when he was named to succeed Tom Stallkamp as head of the former Chrys-ler Corp.'s purchasing operations.
He has had to preserve Chrysler's first-rate relations with suppliers while absorbing the changes brought about by the DaimlerChrysler merger. Those relations have been marked by creative efforts that reward suppliers for working with the automaker in cutting costs.