Oxford Automotive, Inc., a leading Tier 1 OEM automotive supplier, announced today the retirement of Dr. Rochus Gronwald, Managing Director of Oxford Automotive Gebr. Wackenhut GmbH, Germany, to occur on June 30, 2000. Gerhard Koenig, former Vice President of Product Development Services at MSX International, will immediately assume his responsibilities as Managing Director.

During his 14 years of service, Dr. Gronwald developed Gebr. Wackenhut GmbH into a remarkable automotive supplier and consequently paved the way for the company’s growth and success in years to come. Most notable are his achievements in establishing the largest e-coat and paint facility outside the Automotive OEM’s, the integration of a fully automated press line and the launch of consolidating major operations from three plants into the expanding Nagold Wolfsberg Plant.

“Dr. Gronwald’s strength, support and contributions in so many areas have been invaluable. He leaves behind a remarkable legacy of leadership and innovation,” said Steven Abelman, President and CEO of Oxford Automotive, Inc. “Furthermore, he has played an important role in enabling Oxford Automotive Wackenhut to achieve a base for future growth. We are most appreciative of his commitment, ingenuity and example in establishing new benchmarks for our industry.”

Gerhard Koenig spent 17 years in leadership and management at Porsche ranging from Program Management to President and CEO of Porsche’s Engineering subsidiary in Troy, Michigan. At Oxford Wackenhut, Koenig’s expertise in global management will come into play.

“I’m honored to add to Dr. Gronwald’s contribution to this company in the role of Managing Director,” said Gerhard Koenig. “His warmth, optimism, integrity, and unwavering belief in the ability of people to grow and adapt has left an indelible mark on the employees and corporate philosophy of Oxford Automotive Wackenhut.”

Oxford Automotive, Inc., headquartered in Troy, Michigan, is a leading full-service automotive supplier of high quality engineered metal components, assemblies and modules used by automotive manufacturers. Oxford currently operates 32 facilities in seven countries with industry leading expertise. Visit the company’s website at www.oxauto.com.

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