Joseph Gorman joins TMG

Automotive Industries, July, 2005

Tonsberg Magnesium Group has announced that Joseph Gorman has joined the board to strengthen TMG's position in the die casting industry. Gorman has 37 years of experience in the automotive industry and has held positions including CEO and Chairman of TRW, the market leading supplier of a broad range of sophisticated and important automotive parts and systems, including safety products. Gorman is a current director of Alcoa Inc., the Procter & Gamble Company and Imperial Chemical Industries plc.

"Mr Gorman will be a fantastic resource for TMG. The experience and contact network he brings are invaluable for our company's future development within our key target markets, such as safety products for OEMs," says Petter Wessel Bjornstad, CEO of TMG.

Gorman previously was Chairman of the US-Japan Business Council and received Japan's 1994 Prime Minister's Trade Award for his contributions to improving trade relations between Japan and the USA. He has been or is presently a board member of several globally-oriented multi-industry groups including The World Economic Forum and the US-China Business Council. This experience will benefit the company as both the Japanese and Chinese vehicle manufacturing industries are particularly interesting markets for TMG's expansion, says Bjornstad.

Gorman also has held or holds a series of active and honorary roles for American and international trade-related authorities. "To have such an experienced and respected member of the industry in TMG and actively working as a board member is a great honour and a milestone in the company's development," says Bjornstad.