2007'02.01.Thu
Tower Automotive Announces Leadership Changes in Its International Operations

April 27, 2006

NOVI, Mich., April 27 /Xinhua-PRNewswire/ -- Tower Automotive (OTC Bulletin Board: TWRAQ.PK) today announced that Dr. Gyula Meleghy, currently the president of Europe and South America for Tower Automotive, and Vincent Pairet, currently president of Asian Operations for Tower Automotive, will switch positions effective July 1, 2006. Dr. Meleghy will become president, Asia for Tower Automotive and Mr. Pairet will become president, Europe and South America for Tower Automotive. Both will continue to report directly to Kathleen Ligocki, president and CEO of the company. "Both Gyula and Vincent have demonstrated tremendous leadership in their regions," said Ligocki. "The switch gives Gyula an opportunity to lead our rapidly growing Asian operations based in Japan and provides Vincent the chance to return to Europe after many years abroad to lead our successful European and South American business. I have great confidence that our international operations will continue to strengthen and grow, given the presidents' strong working relationships, and that both leaders will continue to grow in their careers." Gyula Meleghy was appointed president, Europe and South America for Tower in August 2004. He also has served as chief operating officer Europe and has led European Customer Service. Previously, Meleghy was president of the Dr. Meleghy Group, a family-owned automotive supplier based in Bergisch Gladbach, Germany, which was acquired by Tower Automotive in 2000. Meleghy's responsibilities during his time with the Dr. Meleghy Group included building up the plants in Zwickau and Buchholz, Germany, as managing director and leader of the press shops. Meleghy graduated from the University of Cologne in 1980. He holds a PhD in business and has more than 20 years of technical and commercial experience in the automotive supplier industry. Vincent Pairet joined Tower Automotive as vice president, Asian Operations in September 2002. He was promoted to president, Asian Operations on December 1, 2004. He came to Tower Automotive from Solvay Group, Belgium's largest chemical/pharmaceutical group. While at Solvay he held various management positions in Asia, Europe and North America. Those positions included president, Asia, INERGY Automotive Systems, a 50/50 joint venture between Solvay and Plastic Omnium (France), and president, Solvay Automotive Asia K.K. (Japan). He also served as business development director for Solvay S.A. in Brussels, Belgium, and as marketing director, Solvay Automotive Inc. in Troy, Mich. Pairet began his career with Solvay as deputy general manager, Automotive Division in Brussels. He holds a master's degree in engineering with a major in architecture from the Universite Catholique de Louvain in Louvain-la-Neuve, Belgium. He also has an MBA in finance and international business from the Katholieke Universiteit te Leuven in Leuven, Belgium. About Tower Automotive Tower Automotive, Inc. is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. Additional company information is available at http://www.towerautomotive.com . NOTE TO EDITORS: High-resolution photos of Meleghy and Pairet will be available at 4 p.m. EDT -- please visit http://tower.quell.com . For more information, please contact: Joe Kirik Tower Automotive, Inc. Tel: +1-248-675-6253 SOURCE Tower Automotive, Inc.
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