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SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 29, 2004 (June 28,2004)

VISTEON CORPORATION


(Exact name of registrant as specified in its charter)
         
Delaware   1-15827   38-3519512

 
 
 
 
 
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
17000 Rotunda Drive, Dearborn, Michigan   48120

 
 
 
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (800)-VISTEON



 


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Item 5. Other Events and Required FD Disclosure
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
SIGNATURE
EXHIBIT INDEX
Press Release, Dated June 28, 2004


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Item 5. Other Events and Required FD Disclosure.

     On June 28, 2004, we issued a press release relating to the appointment of Michael F. Johnston as Chief Executive Officer and President. The press release, filed as Exhibit 99.1 to this Current Report on Form 8-K, is incorporated herein by this reference.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

     
Exhibit No.
  Description
99.1
  Press release dated June 28, 2004

 


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SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
  VISTEON CORPORATION
 
 
Date: June 28, 2004  By:   /s/ Stacy L. Fox    
    Stacy L. Fox   
    Senior Vice President, General Counsel and Secretary   
 

 


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EXHIBIT INDEX

         
Exhibit No.
  Description
  Page
Exhibit 99.1
  Press Release dated June 28, 2004    

 

exv99w1
 

         
Contact(s):
  Media Inquiries:   Visteon Corporation
  Kimberly A. Welch   Corporate Communications
  313-755-3537   17000 Rotunda Drive
  kwelch5@visteon.com   Dearborn, Michigan 48120
      Facsimile: 313-755-7983
 
       
  Jim Fisher    
  313-755-0635    
  jfishe89@visteon.com    
 
       
  Investor Inquiries:    
  Derek Fiebig    
  313-755-3699    
  dfiebig@visteon.com    

(VISTEON LOGO)

NEWS RELEASE

FOR IMMEDIATE RELEASE

Visteon Appoints Michael F. Johnston Chief Executive Officer; Peter J. Pestillo to Remain Chairman Through May 2005

DEARBORN, Michigan, June 28, 2004 — The Board of Directors of Visteon Corporation (NYSE: VC) today announced the appointment of Michael F. Johnston, 57, as chief executive officer and president, effective July 1, 2004. Peter J. Pestillo, 66, will continue as chairman of Visteon’s Board of Directors until May 11, 2005, the date of the company’s next annual shareholders meeting, when he plans to retire.

Johnston’s move from president and chief operating officer to CEO and president is in keeping with the succession plan established when Johnston joined Visteon in 2000 and was subsequently elected to the Board of Directors in April, 2002. Pestillo has been chairman and CEO of Visteon since January 1, 2000.

“Mike Johnston has demonstrated the leadership and vision to elevate Visteon to the next level of performance expected of a pre-eminent automotive supplier,” said Pestillo. “His intense commitment to deliver results in terms of innovative products, superior quality and financial performance will serve all our stakeholders well. As Mike assumes the CEO role, I look forward to continuing our strong personal and professional relationship.”

Johnston said, “I appreciate the support from the Visteon Board of Directors and the continued confidence they have in me to take this company forward. Visteon has never been in a stronger position than today to deliver value to our customers, employees and shareholders because of the solid foundation developed under Pete’s leadership. I am pleased to have the opportunity to

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continue working closely with Pete to continue building that foundation for future success.”

With nearly three decades of experience in the automotive supplier and aerospace industries, Johnston has extensive expertise in manufacturing, product development, sales and customer relations. He has established a strong track record of delivering on business commitments and improving shareholder value. Prior to joining Visteon in September 2000, Johnston had been with Johnson Controls, Inc. since 1989 and held leadership positions of progressively increased responsibility.

Visteon Corporation is a leading full-service supplier that delivers consumer-driven technology solutions to automotive manufacturers worldwide and through multiple channels within the global automotive aftermarket. Visteon has approximately 72,000 employees and a global delivery system of more than 200 technical, manufacturing, sales and service facilities located in 25 countries.

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Visteon news releases, photographs and product specification details
are available at www.visteon.com

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