Corteco Names Musgrave as President

PLYMOUTH, Mich., July 13 -- Corteco, the automotive aftermarket business of Freudenberg-NOK, has appointed Thomas L. Musgrave as president. The announcement was made by Dr. Mohsen Sohi, president and CEO of Freudenberg-NOK.

"Corteco's success and growth are based on a strong team of leaders committed to the company's strategic goals," Sohi said. "With this in mind, we are excited to welcome Thomas into his new position. I am confident that his vast knowledge and experience will be key to our business development."

He will be headquartered in Milan, Ohio and will report to Sohi.

Musgrave brings more than 20 years of management, business development and operations experience to his new leadership position, where he is responsible for expanding the business unit, which offers a full range of original equipment quality seals, gaskets, engine and transmission mounts, power steering and transmission kits and power steering hoses for the automotive aftermarket.

Most recently, Musgrave served as president and chief operating officer for Ryobi Die Casting, Inc. in Shelbyville, Ind., where he was responsible for the North American die casting business. Prior to this position, he was Ryobi's vice president of marketing, sales and engineering for North America.

Previously, he spent 17 years at AlliedSignal Corp. and its successor company, Honeywell International. He advanced through positions of increasing responsibility in sales, management, marketing and business development at various locations nationwide.

Musgrave earned a bachelor of science degree in mechanical engineering from the University of Cincinnati in Ohio and a master of business administration degree from Portland State University in Oregon.

Corteco is a one-stop shopping solution for gasket and sealing needs -- offering a full range of original equipment quality products for the automotive aftermarket. The company currently ships 4.5 million transmission kits, 1.6 million power steering kits and 1.4 million engine gasket kits per year, covering virtually all vehicles sold in the North American market.

Corteco is the aftermarket business of Plymouth, Mich.-based Freudenberg- NOK, a joint venture between Freudenberg & Co. of Germany and NOK Corp. of Japan.

Freudenberg-NOK is a leader in both automotive sealing and vibration control products and is a supplier to all automakers producing in North America as well as all major tier one chassis and drivetrain suppliers. The company's headquarters and technical center in Plymouth, Mich. houses the most extensive supplier-operated sealing and noise and vibration testing facility in North America.

Freudenberg-NOK offers its automotive customers globally integrated products, including sealing packages for transmissions, engines, brakes, axles and steering, NVH (noise, vibration and harshness) components and packages, and all rubber, plastic and PTFE (polytetrafluoroethylene) components for suspension, electrical and fuel systems.

The company also offers an extensive portfolio of special precision seals for the aerospace, appliance, business machine, fluid power, marine, medical, off-highway equipment and recreational vehicle markets.

For more information, visit Corteco's web site at http://www.corteco-usa.com/ and the Freudenberg-NOK web site at http://www.freudenberg-nok.com/ .

Freudenberg-NOK, +1-734-354-5446