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On September 12, 2007, Mr. David William Thursfield was elected to the Board of Directors of the Company.
Mr. Thursfield served as Executive Vice President of Ford Motor Company (the Company). He retired from this position in May, 2004. In August, 2005, Mr. Thursfield was appointed head of Cerberus’s Auto Group, a division of Cerberus Capital Management L.P. In August, 2005, Mr. Thursfield was appointed as Executive Chairman and Interim Chief Executive Officer of GDX Automotive Group which is owned by Cerberus Capital Management L.P. GDX Automotive is a leading global supplier which designs, 38 develops, markets and manufactures highly engineered sealing systems for both dynamic and static automotive applications.
Mr. Thursfield resigned from Cerberus Capital Management L.P. in July, 2007, as Cerberus Capital Management L.P. acquired Chrysler Motors Group from Daimler Corporation and a prior legal agreement between Ford Motor Company and Mr. Thursfield contains a clause wherein Mr. Thursfield is not permitted to work for another auto manufacturer | 