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Exide Corporation Announces Senior Executive Resignations

22 November 1999

Exide Corporation Announces Senior Executive Resignations

    READING, Pa., Nov. 22 -- Exide Corporation , today
announced the resignations of Nicholas Stratigeas, executive vice president of
sales and marketing, North America, and Rex E. Luzader, vice president for
O.E. sales.
    The resignations came as Exide continues to reorganize its global
business.  Robert A. Lutz, Chairman and Chief Executive Officer of Exide,
said, "I would like to thank both men for their dedication and commitment to
Exide over the years and for their assistance to me in the year I have worked
with them."
    Both executives left the company to pursue other interests.  No successors
were named to either position.  Exide management said it would have no further
comment on the resignations.
    Exide Corporation, with annual revenues of approximately $2.4 billion and
operations in 19 countries, is the world's largest manufacturer of automotive
and industrial lead-acid batteries.  Further information about Exide's
businesses and products is available at http://www.exideworld.com.