Wescast Appoints New Chief Financial Officer

15 September 1999

Wescast Appoints New Chief Financial Officer

    BRANTFORD, Ontario--Sept. 15, 1999--Wescast Industries Inc. announced today the appointment of Mr. James Slattery to the position of Chief Financial Officer.

    Mr. Slattery will report directly to Raymond T. Finnie, the Company's President, and Chief Executive Officer. He will be responsible for managing the financial operations of the Company as well as directing all global corporate development activities.

    "I am very pleased that Jim has accepted this new role," commented Mr. Finnie. "Jim's drive, commitment and strong analytic skills have already proven to be a significant asset for the Wescast leadership team. In addition, Jim's extensive international experience and strategic planning skills will be invaluable as the Company continues to fulfill an aggressive five-year strategic plan."

    Mr. Slattery served as partner at a leading Canadian professional services firm before joining Wescast in March 1997 as Vice President Corporate Development. He is a Chartered Accountant and holds a Bachelor of Commerce degree from Queen's University.

    Wescast Industries Inc. is the largest manufacturer and supplier of exhaust manifolds for passenger cars and light trucks in the world. In addition, the Company produces pressure retaining high-alloy cast steel pump components for the petrochemical, pulp and paper and food processing industries. The Company has six facilities throughout Southwestern Ontario and Detroit Michigan, and employs 1,700 people.