ThyssenKrupp Budd Names Three Corporate Vice Presidents

TROY, Mich., May 17, 2004 -- The Board of Directors of ThyssenKrupp Budd Company has elected three new corporate vice presidents.

MARKUS BOENING has been named corporate vice president and chief financial officer. He formerly served as director, corporate finance and controlling. He joined the company in December 2003 after serving as senior project manager in the Mergers & Acquisitions Department of ThyssenKrupp AG in Duesseldorf, Germany. He earned master's and doctorate degrees in economics from Ruhr-Universitaet in Bochum, Germany.

DANIEL W. BURDEN has been named corporate vice president, quality. He formerly served as divisional vice president of quality and lean manufacturing. In his more than 28 years with the company he has worked his way up through a number of managerial and executive manufacturing and quality- related positions, primarily in the Detroit, Mich. area. He is a graduate of the Gale Institute, Minneapolis, Minn., where he studied mechanical engineering. He also earned post-graduate credits in statistics at the University of Tennessee in Knoxville.

MICHAEL KARWOWSKI has been named corporate vice president and corporate treasurer. He most recently served as director, operational controlling. He joined the company as an accountant in 1976 and has held numerous positions, including controller of the Detroit Plant and vice president and controller of ThyssenKrupp Budd Systems. He earned a master's of business administration degree in 1978 from Wayne State University, Detroit.

ThyssenKrupp Budd, with headquarters in Troy, Mich. and more than $2.5 billion in sales, is part of the ThyssenKrupp Automotive Group whose annual revenues exceed $6 billion, 50 percent of which come from the NAFTA Region.

ThyssenKrupp Budd products can be found on nearly 100 current model vehicles. The company produces sheet metal stampings and assemblies, chassis modules and frame components, composite autobody panels and pickup boxes, gray and ductile iron castings and bumpers.

NOTE TO EDITORS: Photographs available upon request.