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ZIMMERMANN APPOINTED EXECUTIVE VICE PRESIDENT BY NEW VENTURE GEAR BOARD OF DIRECTORS

 ZIMMERMANN APPOINTED EXECUTIVE VICE PRESIDENT BY NEW VENTURE GEAR
 BOARD OF DIRECTORS
 TROY, Mich., March 10 /PRNewswire/ -- The New Venture Gear, Inc. (NVG) board of directors has appointed Edwin C. Zimmermann executive vice president with overall responsibility, on a transitional basis, for NVG's daily operations.
 Zimmermann's appointment follows the resignation of David R. Zimmer as president and CEO of New Venture Gear. Zimmer resigned today to accept a similar position with Core Industries Inc (NYSE: CRI) of Bloomfield Hills, Mich. Zimmermann's transitional responsibilities for NVG's overall operations will continue until the board of directors names Zimmer's successor.
 Zimmermann is a member of NVG's board of directors and has been its vice president - Operations since March 1990. He has extensive experience in the automotive driveline industry, including service as division manager of New Process Gear, one of NVG's two manufacturing divisions. Prior to joining New Venture Gear, Zimmermann spent most of his career in a number of management positions with Chrysler Corporation, including plant manager at Chrysler's Trenton Engine plant and in International Operations in Brazil. He also held senior executive positions with International Harvester and the Stanadyne Corporation.
 In an announcement to its employees, the New Venture Gear board expressed deep regret at Zimmer's resignation and credited him for his vision in guiding NVG's development into a young, dynamic company recognized by its customers worldwide for its high-quality products. Zimmer has been president and CEO of New Venture Gear since it was formed in February 1990.
 The board went on to say that New Venture Gear remains on course to achieve its ambitious goal to be the world's pre-eminent designer and manufacturer of driveline components.
 -0- 3/10/92
 /CONTACT: Joe Moreland of Moreland Communications, Inc., 313-644-8410, for New Venture Gear, Inc./
 (CRI) CO: New Venture Gear, Inc. ST: Michigan IN: AUT SU: PER


SM -- DE022 -- 7051 03/10/92 16:33 EST
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Publication:PR Newswire
Date:Mar 10, 1992
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