JLG Jlg Industries

WARREN, Ohio, Oct. 30 /PRNewswire-FirstCall/ -- Stoneridge, Inc. (NYSE:SRI) announced today that William M. Lasky has been elected as non- executive Chairman of the Board. He had been serving as Chairman on an interim basis since July 2006. Lasky is the Chairman, President and Chief Executive Officer of JLG Industries, Inc. (NYSE:JLG), a diversified construction and industrial equipment manufacturer, which recently announced that it had signed an agreement to be acquired by Oshkosh Truck Corporation (NYSE:OSK). Prior to joining JLG Industries, he was President of Dana Corporation's Worldwide Filtration Products Group, a leading producer and supplier of automotive and industrial filtration products. He was with Dana Corporation for more than 22 years. John C. Corey, President and Chief Executive Officer of Stoneridge, stated, "Bill brings leadership and a wealth of experience in manufacturing to his new role as Chairman. We look forward to his guidance as our organization strives to reach its full potential." Lasky added, "Stoneridge is a first-class company with outstanding products and expanding global capabilities. I am looking forward to serving as Chairman as Stoneridge continues to build shareholder value." About Stoneridge, Inc. Stoneridge, Inc., headquartered in Warren, Ohio, is a leading independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, medium- and heavy-duty truck, agricultural and off-highway vehicle markets. Sales in 2005 were approximately $672 million. Additional information about Stoneridge can be found at http://www.stoneridge.com/. Forward-Looking Statements Statements in this release that are not historical fact are forward- looking statements which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in this release. Things that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of a major customer; a significant change in automotive, medium- and heavy-duty truck or agricultural and off-highway vehicle production; a significant change in general economic conditions in any of the various countries in which the Company operates; labor disruptions at the Company's facilities or at any of the Company's significant customers or suppliers; the ability of the Company's suppliers to supply the Company with parts and components at competitive prices on a timely basis; customer acceptance of new products; and the failure to achieve successful integration of any acquired company or business. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission. DATASOURCE: Stoneridge, Inc. CONTACT: Greg Fritz, Director of Corporate Finance and Investor Relations of Stoneridge, Inc., +1-330-856-2443 Web site: http://www.stoneridge.com/

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