Delphi E&S Appoints New Asia Pacific Director
Leadership, legal acumen, experience will support Delphi's regional growth plans
KOKOMO, Ind., May 25 -- Delphi Corp. today announced the appointment of Jinya Chen as director, Asia Pacific Operations, for its Electronics & Safety (E&S) division, effective July 1, 2004.
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In his new role, Chen will serve as the top Delphi E&S contact for customers in the region and represent the division on the Delphi Asia Pacific regional management team. He will report directly to Jeff Owens, president, Delphi E&S. He will also have a dual reporting role to Choon Chon, president, Delphi Asia Pacific, and retain his current title as title as president, Delphi China.
Chen has broad legal experience in public, private and academic sectors. He holds law degrees from the University of Michigan and East China University of Politics & Law, and an economics degree from Shanghai Institute of Foreign Trade.
"Jinya's strong business leadership and legal expertise will be invaluable to Delphi and our customers as he takes on his new assignment," said Owens. "His outstanding skills and relationships will be critical to the successful execution of our growth plans in China and throughout Asia Pacific."
For more information, visit Delphi at http://www.delphi.com/media .
All statements contained or incorporated in this press release which address operating performance, events or developments that we expect or anticipate may occur in the future (including statements relating to future sales, cash flow or earnings expectations, savings expected as a result of our global restructurings or other initiatives, portfolio restructuring plans, volume growth, awarded sales contracts and customer diversification expectations or statements expressing general optimism about future operating results) are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's current views and assumptions with respect to future events. Important factors, risks and uncertainties which may cause actual results to differ from those expressed in our forward-looking statements are discussed in detail in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2003. In particular, the achievement of projected levels of revenue, earnings, cash flow and debt levels will depend on our ability to execute our portfolio and other global restructuring plans in a manner which satisfactorily addresses any resultant antitrust or labor issues and customer concerns, any contingent liabilities related to divestitures or integration costs associated with acquisitions, and other matters; our continued ability to diversify our customer base and still maintain existing GM business; the continued protection and exploitation of our intellectual property to develop new products and enter new markets; and our ability to capture expected benefits of our cost reduction initiatives so as to maintain flexibility to respond to adverse and cyclical changes in general economic conditions and in the automotive industry in each market we operate, including customer cost reduction initiatives, potential increases in warranty costs, pension contributions, healthcare costs, disruptions in the labor, commodities or transportation markets caused by terrorism or war and other changes in the political and regulatory environments where we do business. Delphi does not intend or assume any obligation to update any of these forward-looking statements.
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