Wescast Industries Inc.

Wescast Industries Inc.

January 21, 2008 14:49 ET

Wescast Announces New Chief Operating Officer

BRANTFORD, ONTARIO--(Marketwire - Jan. 21, 2008) - Wescast Industries Inc. ("Wescast") (TSX:WCS.A) today announced the appointment of Rick Legate to the position of Chief Operating Officer of the company, effective January 21, 2008. Mr. Legate will also be appointed to the Wescast Board of Directors.

Mr. Legate has been the Chief Operating Officer and Chief Executive Officer of private and public auto parts companies, most recently the Vice President of Dofasco's tubular products group. Mr. Legate is a past director of the Automotive Parts Manufacturers Association.

"We are delighted to add Rick to the executive leadership team at Wescast," said Ed Frackowiak, Wescast Chairman and CEO. "Rick brings with him a solid operational focus with strengths in lean manufacturing processes and creative problem solving, making him a strong fit with our continuous improvement culture. We also look forward to the contributions Rick can make at both the executive and board levels as we continue to execute our global strategy."

Mr. Legate is a graduate of the University of Waterloo and of the Executive Program at Queen's University.

About Wescast

Wescast Industries Inc. is the world's leading supplier of cast iron exhaust manifolds for passenger cars and light trucks. The Company designs, casts, machines and assembles iron exhaust system components for automotive original equipment manufacturers ("OEMs") and Tier 1 customers for the car and light truck markets in North America, Europe and Asia. The Company employs approximately 1,900 people in 7 production facilities and 5 sales and design centres in Canada, Hungary, the United States, Germany, Japan and China. The Company also has sales and technical design representation in the United Kingdom and France. The Company is recognized worldwide for its quality products, innovative design solutions and highly committed workforce.

Learn more at www.wescast.com.

Forward Looking Statements

Wescast and its representatives may periodically make written or oral statements that are "forward-looking", including statements included in this news release and in our filings with applicable Securities Commissions and in reports to our stockholders. These statements may be identified by words such as "believe," "anticipate," "project," "expect," "intend" or other similar expressions, and include all statements which address operating performance, events or developments that we expect or anticipate may occur in the future (including statements relating to future sales or earnings expectations, volume growth, awarded sales contracts and earnings per share expectations or statements expressing general optimism about future operating results). Such statements involve risks and uncertainties that may cause unanticipated events and actually evolve to be materially different from those either expressed or implied. These factors include, but are not limited to, risks associated with the automotive industry, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources; as a consequence, actual results may differ materially from those anticipated in the forward-looking statements. For more detailed information regarding these risks you may refer to Wescast's publicly filed documents with applicable Canadian securities authorities. Wescast undertakes no obligation to update any of these forward-looking statements.

Contact Information

  • Wescast Industries Inc.
    Mr. Ed Frackowiak
    Chairman & Chief Executive Officer
    (519) 750-0000
    Website: www.wescast.com