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Gargaro Named Chief Financial Officer at Delco Remy

9 May 2000

Gargaro Named Chief Financial Officer at Delco Remy

    ANDERSON, Ind., May 9 Delco Remy International, Inc.
has named J. Timothy Gargaro, 46, to the position of Senior Vice
President and Chief Financial Officer.  The appointment is effective
immediately.
    Mr. Gargaro is an automotive industry financial veteran who arrives at
Delco Remy from Lear Corporation in Dearborn, Mich.  Lear is a $12 billion
tier one supplier of automotive interiors.  Most recently Mr. Gargaro served
as vice president of finance for Lear's Ford division, the company's largest
customer.
    Delco Remy President and CEO Thomas J. Snyder made the announcement.
Speaking on behalf of the board of directors, Mr. Snyder said, "Tim is a
welcome addition to the Delco Remy senior management team.  He has proven his
financial leadership skills in the worldwide automotive industry at a market-
leading company with diverse products and global sales.
    "Tim fits in perfectly with Delco Remy's worldwide position as an industry
leader at a time when we are growing and expanding our business every year."
    Mr. Gargaro fills the CFO position at Delco Remy left open since Feb. 1
following the departure of David L. Harbert. At Lear since 1993, Mr. Gargaro
held several senior level finance positions within the organization.  He
served as vice president of finance for Lear's Chrysler division and CFO of
European operations in Frankfort, Germany.  Prior to that he was Lear's
director of audit.
    In previous firms, Mr. Gargaro was CFO at Ring Screw Works in Troy, Mich.,
director of financial planning for national home builder PHM Corporation
(Pulte) in Bloomfield Hills, Mich., and did financial analysis at Allied
Signal Corporation in Southfield, Mich.
    Mr. Gargaro has an MBA from Eli Broad School of Business at Michigan State
University with an undergraduate degree in accounting and economics from the
University of Detroit.  He is a Certified Public Accountant.
    Delco Remy International, Inc., headquartered in Anderson, Ind., (USA),
became a public company with an initial stock offering in 1997.  The company
designs, manufactures, remanufactures and distributes electrical,
powertrain/drivetrain and related components and core exchange service for
automobiles and light trucks, medium- and heavy-duty trucks and other heavy-
duty off-road and industrial applications.  Products include starter motors,
alternators, engines, transmissions, torque converters, fuel systems and
traction control systems.  The company services the aftermarket and original
equipment manufacturer market, principally in North America, as well as
Europe, Latin America and Asia Pacific.
    More information is available on the company website at http://www.delcoremy.com