Borg-Warner Automotive Names John Rau Director
14 November 1997
Borg-Warner Automotive Names John Rau DirectorCHICAGO, Nov. 14 -- John Rau, president and chief executive officer of Chicago Title and Trust Company, has been appointed to the Board of Directors of Borg-Warner Automotive, Inc. Mr. Rau's appointment fills a vacancy created by the departure of Albert J. ("Trey") Fitzgibbons, Partner, Stonington Partners, Inc. "We thank Trey for his service to our company. His leadership was especially helpful during Borg-Warner Automotive's emergence as an independent company and its subsequent growth," said Borg-Warner Automotive chairman and chief executive officer, John F. Fiedler. "We are looking forward to John Rau's participation on our board," said Mr. Fiedler. "As Borg-Warner Automotive seeks to expand its leadership in advanced solutions for powertrain systems, we expect John's strategic leadership abilities and extensive experience in business and finance to be a tremendous benefit to us." John Rau, 49, was named president and chief executive officer of Chicago Title and Trust Company earlier this year. He has spent most of his career in Chicago's financial service industry, serving as president and chief executive officer of LaSalle National Bank and of Exchange National Bank prior to their 1989 merger. From 1993 until 1996 he served as dean of the Indiana University School of Business. He is also a director of LaSalle National Bank and Paul Harris Stores. Chicago-based Borg-Warner Automotive, Inc., is a product leader of highly engineered components and systems primarily for automotive drivetrain applications. The company operates manufacturing facilities in 12 countries serving the North American, European and Asian automotive markets. Statements contained in this press release which are not historical facts are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Such risks and uncertainties include fluctuations in domestic or foreign automotive production, the continued use of outside suppliers by original equipment manufacturers, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission, including the Cautionary Statements filed as Exhibit 99.1 to the Form 1O-K for the fiscal year ended December 31, 1996. Note: Borg-Warner Automotive press releases are available on the Internet via Company News On-Call: http://www.prnewswire.com or via fax, 800-758-5804, ext. 120941. SOURCE Borg-Warner Automotive, Inc.