Visteon Executive VP and CFO Announces Retirement

The Dearborn, Mich.-based Visteon Corp. today announced that Daniel R. Coulson, executive vice president and chief financial officer, will retire on March 31, 2004, after a distinguished 38-year career at Visteon and Ford Motor Co.

"Dan has made many important contributions to Visteon, and his integrity in financial reporting and controls has always been beyond reproach," said Visteon chairman and chief executive officer Pete Pestillo. "I want to express my personal gratitude to Dan for the high standards of leadership, professionalism and commitment he has demonstrated throughout his career.

"We are making excellent progress in our search for Dan's successor, and we hope to announce our plans soon," Pestillo added.

Coulson was director of worldwide accounting for Ford before joining Visteon prior to its spin-off from the auto manufacturer in 2000. He began at Ford in 1965 as an accountant with the General Parts Division.