Visteon Corporation Realigns Top Financial Staff

DEARBORN, Mich., April 10 -- Visteon Corporation today announced new or expanded responsibilities for four of its top financial executives that will strengthen Visteon business operations and financial position.

Phil Pfefferle, previously vice president and controller, is appointed vice president, Finance Process Improvement and general auditor. He will lead all finance process improvement initiatives, including the oversight of Visteon's compliance with the Sarbanes-Oxley Act. Pfefferle has worked at Visteon since October 1997. Prior to that he held a variety of controller positions at Ford Motor Co.

Mary Winston, previously vice president and treasurer, is appointed vice president and controller. She will be responsible for supporting Visteon's operating groups in North America and Asia. Winston came to Visteon in 2002 from Pfizer Inc. where she served in several senior financial management positions.

Peter Look, who has been vice president, Tax, assumes the additional role of treasurer. Look joined Visteon in 2000 from Ford, where he was president of the Consumer eBusiness Group.

Glenda Minor, previously general auditor, is appointed vice president, Corporate and International Finance. She will be responsible for corporate finance, corporate staff analysis and corporate accounting, as well as supporting Visteon's operating groups in Europe and South America. Minor joined Visteon in 2000 from DaimlerChrysler Corp. where she held various finance and accounting positions.

All four will report to Dan Coulson, Visteon chief financial officer. Mary Winston also will report to Jim Orchard, Visteon president, North America and Asia operations. Glenda Minor also will report to Heinz Pfannschmidt, Visteon president, Europe and South America operations.

"These changes are driven by the need to deliver flawlessly on a number of critical process improvements, while continuing to carry out our day-to-day responsibilities," said Coulson.

Visteon Corporation is a leading full-service supplier that delivers consumer-driven technology solutions to automotive manufacturers worldwide and through multiple channels within the global automotive aftermarket. Visteon has about 77,000 employees and a global delivery system of more than 180 technical, manufacturing, sales and service facilities located in 25 countries.

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