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Press Room Lear Corp. Announces Executive Appointments as Part of Further Streamlining of Organization

PRNewswire-FirstCall
SOUTHFIELD, Mich.
(NYSE:LEA)

SOUTHFIELD, Mich., Sept. 25 /PRNewswire-FirstCall/ -- Lear Corporation (NYSE: LEA) today announced a plan to consolidate its North American Customer Group into three existing product groups comprised of Seating, Electrical and Interior Systems to further streamline the organization, best support the Company's product and technology focus and improve operating efficiency as a result of challenging conditions in the automotive market.

As a result of the consolidation, the following organizational appointments, reporting to Lear President and Chief Operating Officer, Douglas DelGrosso, are effective immediately:

* Jim Brackenbury, previously senior vice president and president - North American Seating Systems, will assume responsibility as senior vice president and president - European Operations. As a seasoned senior executive with extensive operating experience in Europe, Brackenbury will assume operating responsibility for the region and relocate to Lear's Paris office.

* Ray Scott, previously senior vice president and president - North American Customer Group, will assume responsibilities as senior vice president and president - North American Seating Systems, with overall responsibility for all seating-related activities in the United States, Canada, and Mexico.

* Miguel Herrera-Lasso, senior vice president and president - Electrical and Electronics Systems, will continue in his current role.

* Joe Zimmer, who was recently named senior vice president and president - Interior Systems, will continue in that role.

* Lou Salvatore, senior vice president and president - Asian Customer Group, will continue in his current role.

"As competitive conditions intensify and our North American customers realign themselves to the changing market conditions, we need to increase our focus on our customers' product needs and requirements, create direct lines of communication internally and externally and further drive accountability throughout our organization," said DelGrosso. "We will transition the sales/customer contact interface to the three product groups rapidly and smoothly to ensure we continue to deliver top notch levels of service and support our customers expect and deserve."

Lear Corporation is one of the world's largest suppliers of automotive interior systems and components. Lear provides complete seat systems, electronic products and electrical distribution systems and other interior products. With annual net sales of $17.1 billion in 2005, Lear ranks #127 among the Fortune 500. The Company's world-class products are designed, engineered and manufactured by a diverse team of 115,000 employees at 282 locations in 34 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol [LEA]. Further information about Lear is available on the Internet at http://www.lear.com/ .

SOURCE: Lear Corporation

CONTACT: Investor Relations: Mel Stephens, +1-248-447-1624, Media:
Andrea Puchalsky, +1-248-447-1651, both of Lear Corporation

Web site: http://www.lear.com/

Company News On-Call: http://www.prnewswire.com/comp/518304.html

Posted on 9/25/2006

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