AUBURN
HILLS, Mich., Aug. 31,
2021 /PRNewswire/ -- BorgWarner, a global
product leader in delivering innovative and sustainable mobility
solutions for the vehicle market, won a coveted Brandon Hall
Group gold award in the category of Excellence in Diversity, Equity
and Inclusion and a silver award in the Excellence in Learning
category. BorgWarner's wins were announced on August 19, 2021 during a live webinar hosted by
Brandon Hall Group. The 2021 winners are listed at
https://www.brandonhall.com/excellenceawards/past-winners.php
The company's gold award for Excellence in Diversity,
Equity and Inclusion honors the success of BorgWarner's Women in
Leadership development program aimed at accelerating the pace of
development of talent, building the talent pool for key roles
within the company and advancing company culture as it relates to
inclusion.
BorgWarner's silver award for Excellence in Learning
recognizes the company's 'One BorgWarner – The Employee Experience'
training program where more than 7,500 new employees who joined
BorgWarner after its acquisition of Delphi Technologies in 2020
were trained virtually in the midst of the pandemic.
"I'm incredibly proud of what our team has been able to
accomplish over the past year – a year that has undoubtedly
presented more personal and professional challenges than most of us
have experienced in our lifetime," said Felecia Pryor, Executive Vice President and
Chief Human Resources Officer, BorgWarner Inc. "Our team not only
survived but they thrived, they worked to integrate with new team
members, nearly doubling the size of our organization and they
managed to put in place programs that will grow the talents of many
of our colleagues, benefitting us today as well as in the future.
We appreciate Brandon Hall Group for their recognition of our
team's persistence and dedication to success."
"Brandon Hall Group Excellence Awards in 2021 provide
much-needed and well-deserved recognition to organizations that
went above and beyond to support their stakeholders during the
unprecedented disruption of the COVID-19 pandemic," said Brandon
Hall Group COO and leader of the HCM Excellence Awards Program
Rachel Cooke. "The awards provide validation of best practices in
all areas of HCM at a time when they have never been more important
to employers, employees and customers."
Entries were evaluated by a panel of veteran, independent
senior industry experts, Brandon Hall Group analysts and executives
based upon these criteria: fit the need, design of the program,
functionality, innovation and overall measurable
benefits.
Excellence Award winners are scheduled to be honored at
Brandon Hall Group's HCM Excellence Conference, Feb. 1-3, 2022, at the Hilton West Palm Beach, Florida. Select winners also
will serve as presenters in breakout sessions, sharing their
leading practices during the conference.
"We added several awards categories this year to
specifically address critical needs, including how organizations
addressed the new dynamics of work and embedded the principles of
diversity, equity and inclusion in their HCM practices," Brandon
Hall Group CEO Mike Cooke said.
"Winning organizations in all categories demonstrated a
people-centric approach while driving superior business results
under challenging and unprecedented conditions. Demonstrating HCM's
impact on the business is what sets our awards apart.
About BorgWarner
BorgWarner Inc.
(NYSE: BWA) is a global product leader in delivering innovative and
sustainable mobility solutions for the vehicle market. Building on
its original equipment expertise, BorgWarner also brings market
leading product and service solutions to the global aftermarket.
With manufacturing and technical facilities in 96 locations in 23
countries, the company employs approximately 50,000 people
worldwide. For more information, please visit
borgwarner.com.
About Brandon Hall Group
Brandon
Hall Group operates the largest and longest running awards program
in Human Capital Management. As an independent HCM
research and analyst firm they conduct studies in Learning
and Development, Talent Management, Leadership Development,
Diversity, Equity & Inclusion, Talent Acquisition and
HR/Workforce Management. These benchmark studies help organizations
by providing strategic insights for executives and practitioners
responsible for growth and business results. Coupling the research
studies with the best practice from the awards, Brandon Hall Group
has helped more than 10,000 clients globally and more than 28 years
of delivering world-class research and advisory. At the core of our
offerings is a membership program that combines research,
benchmarking and unlimited access to data and analysts. Membership
enables executives and practitioners to make the right decisions
about people, processes, and systems, coalesced with analyst
advisory services which aim to put the research into action in a
way that is practical and efficient. Brandon Hall Group has also
launched professional certifications for business and human capital
management professionals to upskill themselves and
gain credentials for career advancement.
(www.brandonhall.com)
Forward-Looking Statements : This
press release may contain forward-looking statements as
contemplated by the 1995 Private Securities Litigation Reform Act
that are based on management's current outlook, expectations,
estimates and projections. Words such as "anticipates," "believes,"
"continues," "could," "designed," "effect," "estimates,"
"evaluates," "expects," "forecasts," "goal," "guidance,"
"initiative," "intends," "may," "outlook," "plans," "potential,"
"predicts," "project," "pursue," "seek," "should," "target,"
"when," "will," "would," and variations of such words and similar
expressions are intended to identify such forward-looking
statements. Further, all statements, other than statements of
historical fact contained or incorporated by reference in this
press release that we expect or anticipate will or may occur in the
future regarding our financial position, business strategy and
measures to implement that strategy, including changes to
operations, competitive strengths, goals, expansion and growth of
our business and operations, plans, references to future success
and other such matters, are forward-looking statements. Accounting
estimates, such as those described under the heading "Critical
Accounting Policies and Estimates" in Item 7 of our Annual Report
on Form 10-K for the year ended December 31,
2020 ("Form 10-K"), are inherently forward-looking. All
forward-looking statements are based on assumptions and analyses
made by us in light of our experience and our perception of
historical trends, current conditions and expected future
developments, as well as other factors we believe are
appropriate under the circumstances.
Forward-looking statements are not guarantees of performance, and
the Company's actual results may differ materially from those
expressed, projected or implied in or by the forward-looking
statements.
You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Forward-looking statements are subject to risks and
uncertainties, many of which are difficult to predict and generally
beyond our control, that could cause actual results to differ
materially from those expressed, projected or implied in or by the
forward-looking statements. These risks and uncertainties, among
others, include: the difficulty in forecasting demand
for electric vehicles and our EV revenue growth to 2030; the
ability to identify targets and consummate acquisitions on
acceptable terms; failure to realize the expected benefits of
acquisitions; the ability to identify appropriate combustion
portfolio businesses for disposition and consummate planned
dispositions on acceptable terms; competitive challenges from
existing and new competitors including OEM customers; the
challenges associated with rapidly-changing technologies,
particularly as relates to electric vehicles, and our ability to
innovate in response; uncertainties regarding the
extent and duration of impacts of matters associated with the
COVID-19 /coronavirus pandemic ,
including additional production disruptions; the failure to realize
the expected benefits of the acquisition of Delphi Technologies PLC
that the Company completed on October 1,
2020; the failure to realize the expected
benefits of the acquisition of AKASOL AG that the
Company completed on June 4,
2021 or a delay in the ability to realize those
benefits; the failure to successfully execute on a timely basis our
taking private strategy with respect to AKASOL; the failure
to promptly and effectively integrate acquired
businesses; the potential for unknown or inestimable liabilities
relating to acquired businesses; our dependence on automotive and
truck production, both of which are highly cyclical and subject to
disruptions; our reliance on major OEM customers; commodities
availability and pricing; supply disruptions; fluctuations in
interest rates and foreign currency exchange rates; availability of
credit; our dependence on key management; our dependence on
information systems; the uncertainty of the global economic
environment; the outcome of existing or any future legal
proceedings, including litigation with respect to various claims;
future changes in laws and regulations, including, by way of
example, tariffs, in the countries in which we operate; impacts
from any potential future acquisition or divestiture transactions;
and the other risks, including, by way of example,
pandemics and quarantines, noted in reports that we
file with the Securities and Exchange Commission, including Item
1A, "Risk Factors" in our most recently-filed Annual Report on Form
10-K and/or Quarterly Report
on Form 10-Q. We do not undertake any obligation to
update or announce publicly any updates to or revisions to any of
the forward-looking statements in this press release to reflect any
change in our expectations or any change in events, conditions,
circumstances, or assumptions underlying the statements.
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SOURCE BorgWarner