Delco Remy International Announces Executive Departure

ANDERSON, Ind., April 21 -- Richard L. Keister, President of Delco Remy International's (DRI) Aftermarket Group will be resigning on May 3, 20041, 2004 to join Keystone Automotive Industries (Nasdaq), a supplier to the collision repair industry, as their CEO.

Keister joined DRI in 1997 when World Wide Automotive was acquired. Keister served as President of the Electrical Division until October 2001, when he was promoted to president of Delco Remy's Aftermarket Division. In these roles, Keister has been responsible for expanding Delco Remy International's global-footprint including aftermarket operations in Hungary and Mexico. Keister's growth focused initiatives have supported Delco Remy's number one market share position in remanufactured rotating electrics. Additionally, he led the reorganization of the aftermarket into separate businesses each led by an accomplished general manager.

Commenting on Keister's contributions, Thomas J. Snyder, President and CEO stated, "We will miss Rick's business skills; however, he has established strong teams in each of the businesses and we are confident the leadership will continue to execute the strategies supporting our continued growth."

Delco Remy International is a leading global manufacturer and remanufacturer of heavy duty and automotive powertrain, drivetrain and electrical systems and components and is headquartered in Anderson, Indiana, USA. Additional information about the company is available at: http://www.delcoremy.com/ .