Visteon Set to Join Russell Indexes
VAN BUREN TOWNSHIP, MI--June 24, 2011: Visteon Corporation , a leading global automotive supplier, is set to join the broad-market Russell 3000® Index when Russell Investments reconstitutes its U.S. and global equity indexes after the close of the U.S. markets today.
Membership in the Russell 3000®, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as appropriate growth- and value-style indexes. Visteon expects to be included in the Russell 1000® Index.
"Inclusion in the widely recognized Russell Indexes is an acknowledgement of Visteon's market capitalization and another milestone in our transformation," said Donald J. Stebbins, chairman, chief executive officer and president.
Russell Indexes are used by many investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.
Visteon is a leading global automotive supplier that designs, engineers and manufactures innovative climate, electronic, interior and lighting products for vehicle manufacturers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in 26 countries and employs approximately 26,500 people.