Oxford Automotive Appoints Martin E. Welch III As Executive Vice President & Chief Financial Officer

TROY, Mich., June 4 -- Oxford Automotive, Inc., a leading Tier-1 automotive OEM supplier, announces the appointment of Martin (Marty) Welch as Executive Vice President & Chief Financial Officer.

In this role, Welch will be responsible for global finance operations, reporting directly to John W. Potter, President & CEO, based in Troy, Michigan.

"Oxford is fortunate to have such a competent, seasoned professional in this vital position within our company," said Potter. "His extensive experience will play a significant role in guiding Oxford to achieve its global financial objectives and help strategically position the business for future growth and expansion."

Prior to joining Oxford, Welch worked with York Financial Services, Inc. where he served on a number of boards for York's portfolio companies. Previously, from 1995 to 2001, he served as Executive Vice President & Chief Financial Officer for Kmart, and was Senior Vice President & Chief Financial Officer at Federal-Mogul Corporation from 1991 to 1995. He also served as CFO for Chrysler Canada from 1986 through 1987 and held a variety of other senior positions at Daimler Chrysler Corporation.

He holds a Bachelor of Science in Accounting and a Masters of Business Administration/Finance from the University of Detroit Mercy.

Oxford Automotive, Inc., headquartered in Troy, Michigan, is a leading full-service supplier of specialized metal-formed assemblies and related services to the automotive industry. Oxford currently has 7,000 employees at 37 facilities in 10 countries around the world.