Tecumseh Products Company Announces Management Changes


TECUMSEH, Mich., Aug. 23 /PRNewswire/ -- Tecumseh Products Company (Nasdaq: TECUA, TECUB) announced that David W. Kay was appointed as Vice President, Treasurer and Chief Financial Officer, and Michael R. Forman was appointed as Vice President and Director of Human Resources.

Mr. Kay, a certified public accountant and currently the Company's

Corporate Controller, began his career as a public accountant, and from 1980

until joining the Company in 1999, worked for Sharon Steel Corporation

(Sharon, PA) and RTI International Metals (Niles, OH) in a variety of

accounting and finance positions.

Mr. Forman, an attorney, and currently the Company's Assistant Corporate

Director-Industrial Relations & Personnel, worked in private practice in

Memphis, TN and for a real estate and investment company in Clarksdale, MS for

18 years prior to joining the Company in 1990.

The appointments are effective October 1, 2001 upon the retirements of

John H. Foss (the Company's current Vice President, Treasurer and Chief

Financial Officer) and Wallace G. Stubbs (the Company's current Vice President

and Director of Human Resources) pursuant to the Company's previously

announced early retirement program for North American salaried employees.

Mr. Foss will continue as a Director of the Company.

James E. Martinco, the Company's Group Vice President, Engine & Power

Train Operations, is also retiring at the end of September, 2001 and the

Company has commenced a search for a successor.

Tecumseh Products Company is a full-line independent global manufacturer

of hermetic compressors for air conditioning and refrigeration products,

gasoline engines and power train products for lawn and garden applications,

and a diversified line of pumps.

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