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Donnelly Corporation Names New Chief Financial Officer

26 August 1998

Donnelly Corporation Names Scott E. Reed New Chief Financial Officer

    HOLLAND, Mich., Aug. 26 -- Scott E. Reed will join Donnelly
Corporation September 1 as chief financial officer, the company
announced today.  Reed, 41, comes to Donnelly with over 15 years experience in
automotive finance.
    In his new position, Reed has overall responsibility for all the financial
activities of the company.  He will report to Dwane Baumgardner, Donnelly's
chairman and chief executive officer.
    "In the past few years, Donnelly has expanded its operations in North
America, South America, Europe and Asia, and needs a strong financial leader
to help drive the international integration of the company," said Baumgardner.
"Scott has a deep understanding of the overseas marketplace and the challenges
and opportunities inherent in doing business in a global automotive industry.
He has rock-solid technical skills and the creativity, integrity and
intelligence needed to develop financial direction and policies and, most
importantly, the people he works with every day."
    Before joining Donnelly, Reed spent 15 years in various financial
positions at Chrysler Corporation.  Most recently, he served as director of
international finance with responsibility for all the financial aspects of the
automaker's international operations, including accounting, treasury, credit,
financing, tax and audit.
    A native of New York, Reed earned a bachelor of science degree in
agribusiness from Michigan State University and a master's degree in business
administration from Stanford University.
    Donnelly Corporation is an international automotive supplier dedicated to
serving customers around the globe with industry-leading components and
systems in automotive mirrors, windows and interior trim and lighting.
Through its various product lines, Donnelly is a supplier to every major
automotive manufacturer in the world.  The company has been based in Holland,
Michigan since 1905, and today has approximately 5,000 employees in eleven
countries worldwide.  Donnelly is recognized as a leader in the application of
participative management, and has been named to Fortune magazine's list of the
"100 Best Companies to Work for in America."