Roger J. Wood Named President of BorgWarner Morse TEC
5 January 2001
Roger J. Wood Named President of BorgWarner Morse TECITHACA, N.Y., Jan. 5 Roger J. Wood has been named president of BorgWarner Morse TEC, reporting to Ronald M. Ruzic, Group President of Morse TEC and Turbo Systems. In addition, Wood was appointed a vice president of BorgWarner Inc. In his new position, Roger Wood, 38, will be responsible for Morse TEC operations worldwide. He joined BorgWarner in 1985 and has been instrumental in refining the international business strategy for the company's four-wheel and front-wheel drive business, and in executing Morse TEC's growth strategy in the North American engine timing systems business. He most recently served as Vice President of Business Development for BorgWarner TorqTransfer Systems in Sterling Heights, Michigan. Prior to that, he served as Vice President of Operations for both the Morse TEC Engine Timing Components and Transmission Components operations in Ithaca, New York. Wood holds a BS degree in engineering technology from State University College at Buffalo and an MBA from Syracuse University. BorgWarner Morse TEC, a BorgWarner operating group, is a global leader in the design and manufacture of automotive chain systems and components for engine timing, automatic transmission and four-wheel drive applications. Chicago-based BorgWarner is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates 56 manufacturing and technical facilities in 13 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Caterpillar, Navistar International, PSA and VW Group. The Internet address for BorgWarner is: http://www.bwauto.com . Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected or implied in the forward- looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign automotive production, the continued use of outside suppliers by original equipment manufacturers, fluctuations in demand for vehicles containing the Company's products, general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission, including the Cautionary Statements filed as Exhibit 99.1 to the Form 10-K for the fiscal year ended December 31, 1999.