Visteon Corporation

Visteon Corporation Announces Board of Directors

    Dearborn, Mich. (ots-PRNewswire) - Visteon Corporation today announced the appointment of three outside directors, who join Visteon Chairman, President and CEO, Peter J. Pestillo, as members of the company's Board of Directors. The individuals selected, include:

    William H. Gray, III of Fairfax, Va. Mr. Gray is President and CEO of The College Fund/United Negro College Fund (UNCF), a position he has held since 1991. Prior to his UNCF appointment, Mr. Gray served in the U.S. Congress, chairing the House Budget Committee as well as the Democratic Caucus. He also served as Majority Whip and was the highest-ranking African American ever to serve in Congress. He currently serves on the board of directors for such companies as Chase Manhattan Bank, EDS Corporation and Pfizer Corporation.

    Robert M. Teeter of Ann Arbor, Mich. Mr. Teeter is President of Coldwater Corporation, a business consulting firm specializing in the counseling of senior management in strategic planning and communications. Prior to this, he held several senior management positions, including President of Market Opinion Research from 1966 to 1987. He is a member of the Bank of Ann Arbor and United Parcel Services' Boards of Directors.

    Robert H. Jenkins of Mequon, Wis. Prior to his recent retirement, Mr. Jenkins served as Chairman of Sundstrand Corporation, as well as CEO and President of Sundstrand from 1995 to 1999. Previously, Mr. Jenkins served in various senior management positions at Illinois Tool Works. Prior to that, he had held positions with Xtex Inc., Scott Paper Company and E.I. Dupont De Nemours and Co. Mr. Jenkins currently serves on the board of directors of AK Steel Holding Corporation, CLACOR, Inc., Sentry Insurance, Solutia, Inc., and Pella Corporation.

    "Each of these individuals bring a wealth of talent and diverse experience to our Board of Directors," said Pestillo. "We wanted to be sure that the board overseeing Visteon's future was well-rounded and had a global perspective. Creating the right board is critical to our future."

    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.

ots Original Text Service: Visteon Corporation Internet:

Contact: Media Inquiries: Denise Bither (USA) 313-248-4063,, or Analyst Inquiries: Kent Niederhofer (USA) 313-390-1467,, both of Visteon Corporation

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