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HUFFY CORPORATION ANNOUNCES SUCCESSION PLANS

 DAYTON, Ohio, Feb. 17 /PRNewswire/ -- Huffy Corporation (NYSE: HUF) announced that Gary E. Morin has been elected executive vice president of Huffy Corporation, effective Feb. 22, 1993. Morin joined Huffy Corporation in 1989 as vice president-finance and chief financial officer. He became president and general manager of Washington Inventory Service, a subsidiary of Huffy Corporation, in 1991, and was promoted to president and general manager of Huffy Bicycle Company in 1992. Morin holds a bachelor of science degree in finance and a masters of business administration degree from The Ohio State University. In his new role, Morin will be a part of the office of the president, and will be responsible for overseeing the operations of Huffy Bicycle Company, True Temper Hardware Company, and Huffy Service First. Morin brings to his new position strong leadership skills, proven operations experience, and corporate financial experience, all of which have well prepared him for his new responsibilities in the office of the president.
 Barry J. Ryan will be appointed president and general manager of Huffy Bicycle Company, effective Feb. 22, 1993, replacing Gary E. Morin. Ryan joined Huffy Corporation in 1980 as treasurer and advanced to vice president and treasurer in 1984 and vice president-finance and chief financial officer in 1985. In 1989, he assumed the position of vice president-sales and marketing of Gerry Baby Products Company, a subsidiary of Huffy Corporation, where he served until 1991 when he was appointed president and general manager of Huffy Sports Company. He is a graduate of the University of Cincinnati where he earned a bachelor of business administration degree and attended the program for management development at Harvard Business School. Ryan's operations experience at Gerry Baby Products Company and Huffy Sports Company, coupled with his financial experience, well prepare him for the task of leading Huffy Corporation's largest operating company.
 David A. Allen will be appointed president and general manager of Huffy Sports Company, effective Feb. 22, 1993, replacing Barry J. Ryan. A veteran of over twenty years with Huffy Corporation, Allen held a number of different positions at the California Bicycle Division before joining Huffy Sports Company in 1982 as manager, product development. At Huffy Sports Company he was subsequently appointed to the position of vice president-product engineering and quality in 1984, vice president- marketing and sales in 1989, and vice president new product and business development in 1992. Having served in a number of major roles at Huffy Sports Company, Allen brings a wealth of experience which, when coupled with his record of innovation and creativity, should well qualify him to assume the leadership of Huffy Sports Company.
 Richard L. Molen, president and chief operating officer, stated, "These appointments complete the management team for my transition to the position of chief executive officer, effective April 16, 1993. I have great confidence in Gary Morin's ability to provide superior leadership as my successor. Additionally, I am equally confident that Barry Ryan and Dave Allen both have the management ability and expertise to ensure the continued success of Huffy Bicycle Company and Huffy Sports Company, respectively. I am pleased to note that all of the positions have been filled from within Huffy management, keeping with our philosophy to develop and promote internally.
 "During the past few months our corporate officers and staff members have done an excellent job of providing management support in the daily operations of our company, which allowed me the time to finalize these appointments. We have in place a talented, professional management team that will provide continuity for Huffy Corporation over the next ten years."
 Huffy Corporation is a diversified manufacturer and suppliers of bicycles, basketball backboards, lawn and garden tools, juvenile products, inventory and assembly and merchandising services.
 -0- 2/17/93
 /CONTACT: Pamela J. Whipps, assistant treasurer and manager, investor relations, Huffy Corporation, 513-866-6251/
 (HUF)


CO: Huffy Corporation ST: Ohio IN: LEI SU: PER

BM -- CL012 -- 7399 02/17/93 14:07 EST
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Date:Feb 17, 1993
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