BorgWarner Morse TEC Names Howard Steele Vice President, Global Sales And Business Development
ITHACA, N.Y., May 2 -- Howard Steele, 48, has been named Vice President, Global Sales and Business Development for BorgWarner Morse TEC in Ithaca, New York, reporting to BorgWarner Morse TEC President and General Manager Roger Wood. Steele will be responsible for the Morse TEC worldwide sales organization and for the formulation of business development and marketing strategies for the unit.
Before joining BorgWarner, Steele spent 17 years at the Goodyear Tire and Rubber Company, most recently as Director, OE Tire Sales & Marketing for North America. He held a number of positions in the Asia region including Vice President, OE Sales & Marketing in Japan. Prior to that, he worked in Luxembourg for three years as Director, Consumer Tire Sales and Marketing for Goodyear's European Division.
Steele holds a bachelor's degree in economics from Wake Forest University, and an MBA in International Management from the American Graduate School of International Management. He also studied international marketing and Japanese business practices at the Ministry of Trade and Industry Graduate School (IIST) in Japan.
BorgWarner Morse TEC is a global leader in the design and manufacture of automotive chain systems and components for engine timing, automatic transmission and four-wheel drive applications. BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 43 locations in 14 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, Hyundai/Kia, Caterpillar, Navistar International, PSA and VW. The Internet address for BorgWarner is: http://www.bwauto.com/ . For further information contact BorgWarner Corporate Communications at 312-322-8500.
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, which could cause actual results to differ materially from those projected or implied in 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, 2002.
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