Transnational Automotive Group, Inc. has being selected as one of two U.S. companies to receive the Department of State’s 2007 Award for Corporate Excellence (ACE) from U.S. Secretary of State Condoleezza Rice. In recognition of the award the company has received special commendations from the offices of California Governor Arnold Schwarzenegger and Los Angeles Mayor Antonio Villaraigosa.
The ACE award was established in 1999, and it recognizes the critical role U.S. businesses play globally as good corporate citizens. Nominees are submitted by U.S. ambassadors around the world. Transnational was recognized for its work providing safe, affordable transportation and increasing local quality of life in Cameroon in the small-medium sized enterprises category. The multinational category was awarded to General Electric Company (NYSE: GE) for its work in Indonesia.
The company was awarded a certificate by Governor Schwarzenegger which reads: “I commend you for providing safe, reliable mass transportation to millions of people in Cameroon. This fantastic accomplishment has helped improve the quality of life in that nation and is a fine reflection of your great commitment to helping economies – and individuals – prosper. Thank you for representing California so well through your outstanding actions.”
A second certificate signed by Mayor Villaraigosa states: “As mayor of the City of Los Angeles and on behalf of its residents, it is my pleasure to congratulate you on being honored with the 2007 U.S. State Department Award for Corporate Excellence…This is certainly a special occasion and I am pleased to join with other members of the community in recognizing your accomplishments and achievements…”
Dr. Ralph J. Thomson, Transnational chairman and chief executive officer commented, “We were deeply honored to accept this prestigious award from the U.S. Secretary of State and appreciate the recognition we have received by our governor and mayor.”
Transnational currently employs more than 700 people in Cameroon and continues to work towards the company’s goals of improving millions of lives through its economic and social development projects.
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