Tower Automotive Announces Leadership Changes

    GRAND RAPIDS, Mich.--March 24, 2003--Tower Automotive, Inc. , today announced that Tony Barone, most recently responsible for business planning and development, is leaving the company. Barone, 53, was Tower Automotive's Chief Financial Officer from 1995 until late last year.
    "Tony has been a key architect and leader whose creativity and passion has helped shape our reputation and influence what Tower Automotive is today," said Dug Campbell, president and CEO of Tower Automotive. "But as our company has grown and matured, we have gained the resiliency to withstand change and become stronger for it."
    The company said that Barone's current duties would be split among other officers of the company.
    "I want to express my profound appreciation to Tony for his many unique contributions, and wish him well as he moves into another new beginning," Campbell said, adding that over the next few months Barone will help the company in concluding several projects within the organization.

    About Tower Automotive Inc.

    Tower Automotive, Inc., is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including Ford, DaimlerChrysler, GM, Honda, Toyota, Nissan, Fiat, Hyundai/Kia, BMW and Volkswagen Group. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The company is based in Grand Rapids, Mich. Additional company information is available at www.towerautomotive.com.