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Andrew Masterman Named President of Engine Management For TI Group

6 September 1999

Andrew Masterman Named President of Engine Management For TI Group Automotive Systems, Including Walbro Small Engine Operations

    DETROIT, Sept. 6 -- Andrew V. Masterman has been named
president of Engine Management for TI Group Automotive Systems, a newly-formed
business unit of UK-based TI Group plc.  The appointment was announced by
Allan Welsh, chief executive officer, TI Group Automotive Systems.
    Masterman is responsible for the small engine operations of Walbro
Corporation, which was recently acquired by TI Group.  Walbro's small engine
products include carburetors, fuel injection systems, ignition systems, and
fuel storage and delivery systems incorporating fuel tanks, pumps and modules.
    "Walbro is a strong name in the small engine industry, and we intend to
continue to market under the Walbro name," Welsh said.
    "We are excited about the growth potential in the small engine industry,"
Welsh added.  "As president of Engine Management, Andrew Masterman will report
directly to me.  This will allow us to focus effectively on the unique needs
and opportunities within the small engine industry."
    Prior to this appointment, Masterman served as president, Walbro Asia
Pacific, where he was responsible for Walbro's small engine and automotive
operations in that region.  He previously held the posts of president, Walbro
Japan, and managing director, Walbro Singapore.  Prior to joining Walbro, he
served as a senior financial analyst at Intel Corporation.
    Masterman holds a master's degree in business administration, a master of
science in industrial and operations engineering and a master of arts in
Japanese studies, all from the University of Michigan.  He also holds a
bachelor of arts in political science from Colorado College.
    Masterman will relocate to Tucson, Arizona, from Japan.
    TI Group Automotive Systems was formed following the Walbro acquisition,
combining Walbro with Bundy, a leading manufacturer of fluid carrying products
including brake, powertrain and fuel lines and connectors.  The combination
creates a unique global supplier of complete fuel storage and delivery
systems.  The new unit would have had 1998 annual revenues of more than $2.2
billion with 20,000 employees at 150 facilities around the world.
    TI Group Automotive Systems is a business of TI Group plc, one of the
world's leading specialized engineering companies.  Listed on the London Stock
Exchange and headquartered in the UK, TI Group operates globally with more
than 40,000 people at more than 400 manufacturing and customer service
facilities in more than 45 countries.
    TI Group sales in 1998 totaled $3.5 billion with North America accounting
for 45 percent of sales, Continental Europe 27 percent, the UK 20 percent and
other regions 8 percent.
    In North America, TI Group employs more than 16,000 people at more than
120 facilities.  Further information about TI Group and its businesses can be
found on the Internet at http://www.tigroup.com