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Michael Johnston Joins Visteon Leadership As President and Chief Operating Officer

7 September 2000

Michael Johnston Joins Visteon Leadership As President and Chief Operating Officer

    DEARBORN, Mich., Sept. 7 Less than three months after
becoming an independent company, Visteon Corporation has named
Michael Johnston President and Chief Operating Officer.  Johnston has more
than 25 years experience in the automotive supplier and aerospace industries.
He is a well-respected leader with extensive expertise in manufacturing,
product development, sales and customer relations and is known for delivering
on business commitments and improving shareholder value.
    "Mike is a strong addition to Visteon's senior leadership," said Peter J.
Pestillo, Chairman and Chief Executive Officer, Visteon Corporation.  "His
knowledge and experience of running global operations, growing margins and
revenues, and his outstanding customer relations record will enable him to hit
the ground running and help Visteon grow our customer base.  I am pleased we
were able to find the right person so quickly after our independence."
    Johnston will have responsibility for the day-to-day operations of
Visteon's business including: global operations, sales, manufacturing, product
development, research and development and customer relations.
    During his more than 25-year career, Johnston has been responsible for
operations in North America, South America and Asia Pacific.  He has a history
of increasing margins and revenues, establishing robust internal operating
processes, successfully implementing Six Sigma into operations to improve
quality performance, improving customer relations by establishing integrated
teams and also played a key role in shareholder value initiatives including
movement into e-business and effective communication with Wall Street.
    "I am very excited about joining the Visteon team," said Mike Johnston.
"Visteon is an exciting company with a great future.  I look forward to
working with Pete and the entire Visteon team to deliver outstanding products
to customers and increase shareholder value."
    During his career at Johnson Controls, Johnston has had P&L
responsibilities for a multi-billion dollar global business including
directing an organization of 40,000 employees and 100 plants.  He successfully
drove best practice disciplines and process improvements throughout the
organization such as supply chain restructuring and reducing costs, inventory
and working capital requirements, while enhancing the overall operating
flexibility and efficiency of the business.  He also held responsibility for
worldwide purchasing and engineering.  Johnston also has experience in the
aerospace industry holding various positions at Micropol, a subsidiary of
Northwest Industries.
    Johnston's most recent position was President, e-business for Johnson
Controls where he was charged with launching and growing new e-based
businesses, including non-automotive and using the Internet to support all
phases of supply chain and logistics, purchasing, manufacturing, distribution,
marketing and sales.
    Visteon Corporation is a leading full-service supplier that delivers
consumer-driven technology solutions to automotive manufacturers worldwide and
through multiple channels within the global automotive aftermarket.  Visteon
has a global delivery system of more than 130 technical, manufacturing, sales,
and service facilities located in 23 countries. It has 81,000 employees
working in three business segments: Dynamics and Energy Conversion; Comfort,
Communication and Safety; and Glass.
    Visteon news releases, photographs and product specification details are
available at http://www.visteon.com