Timothy Manganello Elected Chairman of BorgWarner; John Fiedler Retires

CHICAGO, June 12 -- The Board of Directors of BorgWarner Inc. has announced the election of Timothy M. Manganello, 53, as its chairman and CEO. Previously, he was President and CEO of BorgWarner Inc. Manganello succeeds John F. Fiedler, who retired as chairman last month.

Fiedler, 65, became BorgWarner's chairman and CEO in January 1995. Prior to that, he served as president and chief operating officer. During his tenure, BorgWarner increased its revenues from $800 million to roughly $3 billion, doubled its number of employees and grew from a largely North American company to one with a geographically balanced customer base. Also under Fiedler's leadership, the company broadened its powertrain expertise beyond transmissions and four-wheel drive systems into engine technology, which now accounts for more than fifty percent of BorgWarner's revenue.

Manganello has been with BorgWarner for 14 years. Prior to February 2003, he served as president and chief operating officer. Before that, he was president and general manager of BorgWarner TorqTransfer Systems and an executive vice president of BorgWarner. He also served as vice president of operations for the BorgWarner TorqTransfer Systems Muncie, Indiana facility and as vice president of business development. He joined BorgWarner in 1989 as vice president of marketing and sales for BorgWarner Morse TEC.

Before joining BorgWarner, Manganello held product engineering management positions at Chrysler Corporation from 1973 to 1981 and sales management positions at PT Components-LinkBelt from 1981 to 1988. Manganello holds a bachelor's degree and master's degree in mechanical engineering from the University of Michigan. He also completed the Advanced Management Program at Harvard Business School and is a graduate of the Chrysler Institute program. Manganello serves on the National Advisory Board for the University of Michigan Engineering School and on the Board of Trustees for the Manufacturers Alliance (MAPI).

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, Renault/Nissan, Peugeot and VW/Audi. The Internet address for BorgWarner is: http://www.bwauto.com/ .

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