Stoneridge Names Kim Korth to Board of Directors

WARREN, Ohio, Oct. 30, 2006 -- Stoneridge, Inc. announced today that Kim Korth has been appointed to fill a vacancy on the Board of Directors.

Korth, 51, will serve a term that continues until the 2007 annual meeting of shareholders and is expected to be a nominee for Board election at the annual meeting. She brings to Stoneridge more than 25 years of experience in the automotive industry. She is the founder, owner and president of IRN, Inc., an international automotive consulting firm that provides strategic planning, market research and operations consulting to clients ranging from Tier One auto suppliers to diversified manufacturing and service firms.

William M. Lasky, the newly elected non-executive Chairman of the Board, stated, "After a thorough search, the Board has acted to fill one of its vacancies with a highly qualified independent director. Kim Korth's industry experience and enthusiasm will enhance the effectiveness of our Board of Directors."

John C. Corey, President and Chief Executive Officer, added, "We are pleased to welcome Kim to our Board. Her management consulting experience, strategic thinking and expertise in the automotive industry will be a positive addition to the business and strategic reviews of Stoneridge. We expect her to be an immediate contributor to the Company and the Board."

Korth's views on the automotive industry have been quoted frequently in major publications, including Automotive News and other leading trade publications. She also speaks regularly at industry meetings. Korth holds a bachelor's degree from Western Michigan University and a master's degree from the American Graduate School of International Management.

About Stoneridge, Inc.

Stoneridge, Inc., headquartered in Warren, Ohio, is a leading independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, medium- and heavy-duty truck, agricultural and off-highway vehicle markets. Sales in 2005 were approximately $672 million. Additional information about Stoneridge can be found at www.stoneridge.com.

Forward-Looking Statements

Statements in this release that are not historical fact are forward- looking statements which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in this release. Things that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of a major customer; a significant change in automotive, medium- and heavy-duty truck or agricultural and off-highway vehicle production; a significant change in general economic conditions in any of the various countries in which the Company operates; labor disruptions at the Company's facilities or at any of the Company's significant customers or suppliers; the ability of the Company's suppliers to supply the Company with parts and components at competitive prices on a timely basis; customer acceptance of new products; and the failure to achieve successful integration of any acquired company or business. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.