BorgWarner Appoints Thomas T. Stallkamp to Board of Directors
08 Février 2006 - 8:22PM
PR Newswire (US)
AUBURN HILLS, Mich., Feb. 8 /PRNewswire-FirstCall/ -- BorgWarner
Inc. (NYSE:BWA) announced today that Thomas T. Stallkamp, 59, has
been appointed to its Board of Directors. Mr. Stallkamp is an
Industrial Partner with Ripplewood Holdings, LLC, a private equity
firm in New York, and the founder and Principal of Collaborative
Management, LLC, a private business consulting firm. From 2000 to
2004, he was Chief Executive Officer of MSX International, a
business outsourcing firm. Prior to becoming vice chairman of
DaimlerChrysler Corporation in 1999, Mr. Stallkamp was its
president and a member of its board of management. During close to
20 years at Chrysler Corporation, he helped lead the company to new
stability and growth in the uncommonly competitive automotive
industry. "Tom Stallkamp's broad experience in the automotive
industry will be an asset to BorgWarner and to our Board of
Directors, and we are pleased to welcome him as a member," said
Timothy M. Manganello, BorgWarner Chairman and Chief Executive
Officer. Mr. Stallkamp holds a bachelor of science degree in
industrial management and economics and a master's degree in
business administration from Miami University (Ohio). He currently
serves on the boards of Baxter International, Inc., MSX
International, and Honsel International Technologies. He is also a
member of the Board of Trustees at Babson College in Boston. He
lives in Birmingham, Michigan. Auburn Hills, Michigan-based
BorgWarner Inc. (NYSE:BWA) is a product leader in highly engineered
components and systems for vehicle powertrain applications
worldwide. The company operates manufacturing and technical
facilities in 62 locations in 17 countries. Customers include Ford,
VW/Audi, DaimlerChrysler, General Motors, Toyota, Renault/Nissan,
Hyundai/Kia, Honda, BMW, Caterpillar, Navistar International, and
Peugeot. The Internet address for BorgWarner is:
http://www.borgwarner.com/ . Statements contained in this news
release may contain forward-looking statements as contemplated by
the 1995 Private Securities Litigation Reform Act that are based on
management's current expectations, estimates and projections. Words
such as "expects," "anticipates," "intends," "plans," "believes,"
"estimates," variations of such words and similar expressions are
intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties,
many of which are difficult to predict and generally beyond the
control of the Company, that could cause actual results to differ
materially from those expressed, projected or implied in or by the
forward-looking statements. Such risks and uncertainties include:
fluctuations in domestic or foreign automotive production, the
continued use of outside suppliers by original equipment
manufacturers, fluctuations in demand for vehicles containing the
Company's products, general economic conditions, as well as other
risks detailed in the Company's filings with the Securities and
Exchange Commission, including the Cautionary Statements filed as
Exhibit 99.1 to the Form 10-K for the fiscal year ended December
31, 2004. The Company does not undertake any obligation to update
any forward-looking statement. First Call Analyst: FCMN Contact:
DATASOURCE: BorgWarner Inc. CONTACT: Beth Feikens of BorgWarner
Inc., +1-248-754-0883 Web site: http://www.borgwarner.com/
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