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Tower Automotive CFO Ernie Thomas Quits

August 13, 2003

GRAND RAPIDS, Mich. (AP) _ Tower Automotive Inc.’s chief financial officer has resigned, the company said Wednesday, just a few weeks after a new chief executive took the reins at the auto-parts company.

In a press release, Tower Automotive said Ernie Thomas resigned effective immediately. He had served in that position since November.

Tower said it was ``simply a personal decision″ on Thomas’ part and didn’t comment further.

The Grand Rapids-based company has launched a search for Thomas’ replacement.

It announced on July 29 that Kathy Ligocki, a longtime Ford Motor Co. executive, would take over as Tower’s president and chief executive from Dugald Campbell, who will retire as planned.

Ligocki was a vice president at the customer service division of Ford, Tower’s biggest customer.

New York Stock Exchange-listed Tower shares were down 23 cents, or 5.4 percent, at $3.81 in midday trading Wednesday.

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