Lear Corporation Selected by IndustryWeek Magazine As

Lear Corporation (NYSE: LEA) is on the fourth annual list of IndustryWeek's 100 Best-Managed Companies. Chosen by editors at IndustryWeek (IW) Magazine, the list includes the world's 100 best managed companies. The report appears in the today's issue of IndustryWeek. Candidates for IndustryWeek's 100 Best-Managed Companies were culled from the IndustryWeek 1000, a list of the world's largest publicly held manufacturing companies based on revenues. Waltham, Mass.-based Primark supplied the data for the IW 1000, which was published in June. Each company was selected after a lengthy evaluation that included the following four steps: analysis of the company's financial performance; review of a questionnaire that each IW 1000 company was given an opportunity to complete; research into each company's practices in areas such as philanthropy and safety; and voting by a panel of more than 100 business leaders, analysts, and academicians. "The Lear organization is honored by this recognition. The entire Lear team is responsible for the success Lear has achieved," said Kenneth L. Way, Lear Chairman and Chief Executive Officer. "While we're pleased with our selection by IndustryWeek, we know that the competitive global business climate requires that we work even harder to ensure that Lear remains a well- managed company capable of competing into the next century." "IndustryWeek's 100 Best-Managed Companies demonstrate superior, consistent financial performance," says John Brandt, editor-in-chief of IW. "We also honor these companies for investing heavily in such areas as research and development, new markets, employees and society." Fourteen countries are represented on this year's list: the United States (69 companies), the United Kingdom (7), Japan (5), Germany (4), Switzerland (3), Finland (2), Mexico (2), India (2), Ireland (1), Denmark (1), Canada (1), France (1), Singapore (1), and the Netherlands (1). IndustryWeek's 100 Best-Managed Companies will be recognized at the 100 Best-Managed Companies Awards Celebration and Executive Summit at the Loews Ventana Canyon Resort in Tucson, Arizona, on February 28 - March 1, 2000. Lear Corporation, a Fortune 200 company headquartered in Southfield, Michigan, is one of the world's largest automotive suppliers, with 1998 proforma sales of more than $12 billion. The company's world-class products are designed, engineered and manufactured by more than 100,000 employees in over 300 facilities located in 33 countries. Information about Lear and its products is available on the Internet at http://www.lear.com Now in its 30th year, IndustryWeek Magazine serves senior executives and decision-makers in manufacturing and its supporting industries. The magazine, which has more than 800,000 readers worldwide, is published by Penton Media, Inc. (NYSE: PME), a diversified business media company that publishes magazines and electronic information products, produces trade shows and conferences, and provides marketing and business development products and services, including direct mail lists, research, and customer publishing. Copies of IW can be ordered through its customer sales and service department at (USA) 800- 326-4146. ots Original Text Service: Lear Corporation Internet: http://www.newsaktuell.de Contact: Karen Stewart Director - Corporate Communications of Lear 248-447-1651 or John R. Brandt Editor-in-Chief of IndustryWeek Tel.: (USA) 216-931-9443 or jbrandt@industryweek.com Company News On-Call: http://www.prnewswire.com/comp/518304.html or fax: (USA) 800- 758-5804 ext. 518304 Web site: http://www.lear.com

Keywords PROTEXT-Lear Corporation

Region
USA, Canada, U.N.

Category
Automotive industry, transport and machinery

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