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EXHIBIT 99.1
NEWS RELEASE
Contact(s): Media Inquiries: Visteon Corporation
Liane Smyth Public Affairs
313-755-2916 5500 Auto Club Drive
[email protected] Dearborn, Michigan 48216
Facsimile: 313-755-7983
Investor inquiries:
Kent Niederhofer
313-755-3699
[email protected]
[VISTEON LOGO]
DRAFT RELEASE
VISTEON ANNOUNCES ADDITION OF TWO MEMBERS TO
BOARD OF DIRECTORS
DEARBORN, Mich., Jan. 10, 2001 - Visteon Corporation (NYSE: VC) today announced
that its Board of Directors has elected Charles L. Schaffer and Steven K. Hamp
as members of the Board, effective immediately. They join Peter J. Pestillo,
Visteon's Chairman and Chief Executive Officer, and William Gray, Robert Teeter
and Robert Jenkins on the Board. The individuals selected were:
CHARLES L. SCHAFFER OF ATLANTA, GA. Until his retirement in December 2000,
Schaffer was Chief Operating Officer for United Parcel Service. Prior to his
position as COO, Schaffer had responsibility for strategic planning, plant
engineering, the automotive sector and industrial engineering. Additionally, he
served on the UPS Board of Directors and Management Committee since the early
1990s. Before joining UPS in 1970, Schaffer served as a combat engineer for the
U.S. Army in Vietnam. Schaffer also is a member of the Board of Trustees for
Kettering University and is former Chairman of the Board of that institution.
STEVEN K. HAMP OF ANN ARBOR, MICH. Hamp is President of Henry Ford Museum &
Greenfield Village. He has been with the museum for more than 20 years, serving
in a number of
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leadership roles including Director of Educational Programs, Director of
Programming, Chairman of Collections and Chief Curator of Archival and Library
Collections. His many accomplishments at the museum include the largest capital
campaign in its history, restoration and expansion of the physical plant,
launching the Henry Ford Academy (a public high school), and introducing an
IMAX(R) theatre to the museum's campus. Prior to joining Henry Ford, Hamp worked
at several museums including the Smithsonian Institute, the University of
Michigan Museum of Art and the Indiana University Museum of History, Folklore
and Anthropology. In addition to serving on Visteon's Board, Hamp also serves on
the boards of the Henry Ford Academy, the Michigan Travel Commission, and The
Detroit Economic Growth Corporation and the Detroit Metro Convention and
Visitors Bureau. He has a distinguished record of public service, including
chairing a new eight-county Greenways environmental initiative in Metro Detroit.
In 1999, Hamp was recognized as Michiganian of the Year. And in 2000, Hamp was
honored as the first recipient of the Helen and Bill Milliken Distinguished
Service Award from the Michigan Environmental Council.
"These two individuals are an invaluable addition to Visteon's Board of
Directors, not only because they bring with them diverse backgrounds, but
because they understand Visteon's global perspective and its need for continued
growth and success within the automotive industry," Pestillo said.
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.
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Visteon news releases, photographs and product specification details
are available at www.visteon.com
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