The end of 2017 marks a bittersweet time for me. These are my final Awards as Editor of TMI, but looking back over the past 12 years since I started with TMI, the Corporate Recognition awards have grown from a handful of awards in 2006 as a supplement to the bank and technology awards, to 21, heavily contested and highly respected awards in 2017.
I have said every year that the Awards become more difficult to judge year-on-year, and with the highest ever number and quality of submissions, the 2017 Awards have been extremely challenging. We would like to offer our warmest congratulations to our 2017 award winners, and thank the treasurers, and their banks, vendors and consultants who have provided such excellent submissions. We hope to be able to feature many of these during 2018, and I fully expect to see some of them emerge as award winners in a year’s time.
Treasury Team of the Year
In 2016, we awarded the Treasury Transformation award to Johnson Controls International (JCI) for the project to spin off the new Adient business and merge with Tyco, setting up new, fully functioning treasury departments. This year, we are delighted to recognise Adient plc directly as Treasury Team of the Year. Managing change is never easy, and major M&A events frequently push treasury teams to their limits, exacerbated by uncertainty about the future and a ticking clock. As Adient and JCI have illustrated, this uncertainty can reveal the very best in individuals and teams, with a focus not only on ‘business as usual’ but delivering the very highest quality of treasury decision-making and operations. In May 2017, an article discussed Adient’s (and JCI’s) global cash pooling strategy, which can be found in TMI edition 252 at goo.gl/FDmQe2.