Detroit Diesel Corporation Announces New Director to Board
21 July 1999
Detroit Diesel Corporation Announces New Director to BoardDETROIT, July 21 -- Richard M. Donnelly has been elected to the Board of Directors of Detroit Diesel Corporation (DDC). The appointment was unanimously approved at a meeting of the company's Board of Directors held on July 20, 1999, and became effective immediately. His appointment increases the Board membership to 12. "We are very pleased about Dick Donnelly joining our Board of Directors. His extensive experience in global vehicle and powertrain manufacturing will be very valuable in our efforts to strengthen our products and broaden our markets," said Roger S. Penske, Chairman of Detroit Diesel Corporation. As President of General Motors Europe (GME) from 1995 to 1998, Mr. Donnelly had profit and loss responsibility for a business with annual revenues of $25 billion, 80,000 employees, production in 11 countries and annual sales of 1.9 million vehicles in 42 countries. Mr. Donnelly also served as Chairman of GM's European Strategy Board and a member of GM's Global and International Strategy Boards. In addition to serving on the Board of Directors of Saab Automobile and Isuzu Motors, Mr. Donnelly has extensive Lean manufacturing experience including Director of Manufacturing for Isuzu in Japan. In 1999, Donnelly became a consultant focusing on strategies for manufacturing, restructuring and globalization. Mr. Donnelly is a graduate electrical engineer from Kettering University, attended advanced courses at Harvard and holds an MBA from the State University of New York at Buffalo. Detroit Diesel Corporation is engaged in the design, manufacture, sale and service of heavy-duty diesel and alternative fuel engines, automotive diesel engines, and engine-related products. The Company offers a complete line of diesel engines from 22 to 10,000 horsepower for the on-highway, off-road (including power generation), and automotive markets. Detroit Diesel services these markets directly and through a worldwide network of more than 2,800 authorized distributor and dealer locations. DDC is a QS-9000 certified company. Detroit Diesel's major shareholder is Penske Corporation, a closely-held, diversified transportation services company whose operations include Penske Truck Leasing Company, Diesel Technology Company, Penske Automotive Group, Inc., Penske Auto Centers, Inc., Penske Motorsports, Inc., and Penske Capital Partners, L.L.C. The Penske Group manages businesses with annual revenues exceeding $10 billion and employs more than 30,000 people around the world. Detroit Diesel's World Wide Web address is http://www.detroitdiesel.com