Mark Frissora
Mark Frissora
Mark Paul Frissorais the CEO and member of the Board of Directors of Caesars Entertainment. He officially became CEO of Caesars Entertainment on July 1, 2015. Frissora was the Chief Executive Officer of Tenneco from 2000 until 2006 and The Hertz Corporation from 2006 until September 2014. He was also the company’s Chairman of the Board of Directors from January 1, 2007 until he stepped down in September 2014...
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Our solid fourth quarter performance reflects our ongoing ability to execute consistent strategies for generating top-line growth, controlling costs and improving operational efficiency. We were successful in delivering a strong cash quarter as a result of our sharp focus on working capital improvements, particularly in accounts receivables and inventory reduction.
center customers enables evolve global greater key locally meet needs products programs range saving success support technical testing time
Our new engineering center is key to our success in China. It enables us to locally support our customers with technical expertise, engineering and testing while saving time and costs, and strengthening communications. Additionally, we'll be able to localize global programs more efficiently and evolve to meet our customers' needs for a greater range of products and technologies.
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These expansions represent a significant portion of the estimated $21 million investment we intend to make in China over the next three years. One of Tenneco's key growth strategies is to expand in emerging markets and China is our greatest opportunity in this area.
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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.
award commitment customers delivering distinct environmental honor pace products provide safety second technology winning year
Winning a PACE Award for the second consecutive year is a distinct honor and reinforces our commitment to delivering cutting-edge technology in products that provide our customers with cost-effective improvements in environmental and safety performance.