Air Bag Maker Stoneridge, Inc. Appoints Two New Directors to Its Board

WARREN, Ohio, Jan. 16, 2004 -- Stoneridge, Inc. announced today that John C. Corey and William M. Lasky have been appointed to the Company's Board of Directors.

Corey is president and chief executive officer of Safety Components International, a supplier of air bags and components. He previously held positions as president of the Stanley Mechanics Tools Division, AlliedSignal's Automotive Aftermarket Products Division and Moog Automotive, Inc.

Lasky is chairman, president and chief executive officer of JLG Industries, Inc., a diversified construction and industrial equipment manufacturer. Prior to joining JLG, Lasky spent 22 years in various positions of increasing responsibility with Dana Corporation, including president of its Filtration Products Worldwide business from 1997 to 1999.

"We are privileged to have John and Bill join our Board," said D.M. Draime, chairman, founder and interim CEO of Stoneridge. "We are excited about the Company's future and look forward to benefiting from their business and manufacturing expertise as we strive for higher levels of performance and shareholder value."

Stoneridge, Inc., headquartered in Warren, Ohio, is a leading independent designer and manufacturer of engineered electrical and electronic components, modules and systems principally for the automotive, medium and heavy-duty truck and agricultural vehicle markets. Sales in 2002 were approximately $637 million. Additional information about Stoneridge can be found on the World Wide Web at www.stoneridge.com .