Kathleen Ligocki Named President and CEO of Tower Automotive; Dug Campbell Finalizes Retirement Plans

GRAND RAPIDS, Mich.--July 29, 2003--Tower Automotive Inc. today announced the retirement of Dugald K. Campbell as the company's president and chief executive officer and the appointment of Kathleen Ligocki to succeed him. "As I conveyed earlier this year to our colleagues, stockholders and customers, my plan in 1993 was to lead Tower Automotive for the first decade of its growth. The exact timing of my retirement was a function of finding a person with the skills and experience to lead the enterprise through the next stage of its evolution," Campbell said.

S.A. "Tony" Johnson, Tower Automotive chairman said, "I am very pleased that we have been able to bring an individual of Kathleen's talents, experience and reputation to this key leadership role."

Most recently Ligocki served as vice president of Ford Customer Service Division. Her previous roles at Ford Motor Company included vice president of North America marketing, vice president of strategy, business development - Canada and Mexico, and president and CEO of Ford Mexico. Before Ford Motor Company, Ligocki held leadership roles at General Motors - Delco Electronics and United Technologies. Ligocki holds a bachelor's degree from Indiana University and an MBA from the Wharton School at the University of Pennsylvania.

"I am excited to have the opportunity to join my new colleagues at Tower Automotive as we grow the value and capabilities of the company for all stakeholders," said Ligocki.

Johnson went on to say, "Dug Campbell has been instrumental over the past 10 years in growing a small regional stamping supplier into the largest automotive metal structures company in the world. His commitment to building a values-based enterprise was total, as this culture became a key ingredient in the integration of 17 acquisitions and partnerships worldwide. Dug will be working with Kathleen Ligocki over the next few months in this positive transition of leadership responsibilities."

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, Michigan. Additional company information is available at www.towerautomotive.com.