RE: NN, Inc.
2000 Waters Edge Drive
Johnson City, TN 37604
FOR FURTHER INFORMATION:
AT THE COMPANY: AT FRB|WEBER SHANDWICK
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Will Kelly Kerry Thalheim Susan Garland
Treasurer & Manager of Investor Relations (General info) (Analyst info)
(423) 743-9151 212-445-8437 212-445-8458
FOR IMMEDIATE RELEASE
June 12, 2003
NN, INC. APPOINTS ROBERT M. AIKEN JR. TO BOARD
Johnson City, Tennessee, June 12, 2003 - NN, Inc. (Nasdaq: NNBR) today announced
the appointment of Robert M. Aiken Jr. to its Board of Directors, effective June
11, 2003. Mr. Aiken was most recently the Executive Vice President and Chief
Financial Officer of Sunoco Inc. (Sun Oil Co.), a position he held until his
retirement in July of 1998. In addition to his Board duties, Mr. Aiken will
assume the role of Audit Committee Chairman.
Roderick R. Baty, Chairman of the Board and Chief Executive Officer said, "We
are pleased that Bob is joining NN, Inc.'s Board of Directors. His background
includes a wealth of management and financial experience. We look forward to his
ongoing input and counsel as a Board member, as well as his future contributions
in the important role as Chair of our Audit Committee."
Prior to joining Sunoco in 1970, Mr. Aiken held financial positions with Hershey
Foods and Coopers & Lybrand. During his tenure at Sunoco, Mr. Aiken held various
financial positions within the organization. He was named Senior Vice President
and Chief Financial Officer in 1990 and Executive Vice President in 1996. He
held this position, which included operational responsibilities, until his
retirement in 1998. Mr. Aiken is a graduate of the University of Pennsylvania
and earned a Master of Science in Management at Stanford University. He is a
member of the Pennsylvania and American Institutes of Certified Public
Accountants. Currently, Mr. Aiken serves as a trustee of Bryn Mawr College and
is Chairman of the Board of eGames, a public company.
NN, Inc. manufactures and supplies high precision bearing components consisting
of balls, rollers, seals, and retainers for leading bearing manufacturers on a
global basis. In addition, the Company manufacturers a variety of other plastic'
components. NN, Inc. had sales of US $193 million in 2002.
With the exception of the historical information contained in the release, the
matters described herein contain forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve a number of risks and
uncertainties that may cause actual results to be materially different from such
forward-looking statements. Such factors include, among others, general economic
conditions and economic conditions in the industrial sector, competitive
influences, risks that current customers will commence or increase captive
production, risks of capacity underutilization, quality issues, availability of
raw materials, currency and other risks associated with international trade, the
Company's dependence on certain major customers, and other risk factors and
cautionary statements listed from time to time in the Company's periodic reports
filed with the Securities and Exchange Commission, including, but not limited
to, the Company's Annual Report on 10-K for the fiscal year ended December 31,
2002.
