Valeo Appoints Duncan Johns as Group Vice President, Valeo Service Activity

    PARIS--Sept. 18, 2002--Valeo (Paris: FR; OTC: VLEEY) today announced the appointment of Duncan Johns as Group Vice President of the Valeo Service Activity.
    In his new position, Johns will assume responsibility for all aspects of the company's OES/IAM (Original Equipment Spares/Independent Aftermarket) activities worldwide. Based at Valeo Service Headquarters near Paris, France, Johns reports to Thierry Morin, Chairman of Valeo's Management Board.
    Johns has held various operational and commercial positions since joining Valeo in 1993. Most recently he served as General Manager, Valeo Friction Materials.
    "I am pleased to welcome Duncan Johns as Group Vice President of the Valeo Service Activity. In all his previous positions within Valeo, Duncan has contributed to the improved customer service and profitability of the relevant activities. He has extensive experience in the aftermarket," said Thierry Morin.
    Johns holds a Bachelor of Science degree in mechanical engineering from the Imperial College of Science and Technology, London, England.
    Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks. Valeo ranks among the world's top automotive suppliers. The Group has 142 plants, 53 R&D centers, 10 distribution centers and employs nearly 72,000 people in 24 countries worldwide (end June 2002).
    For more information on the Group and its businesses, consult our website: www.valeo.com