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Exide Technologies: Exide Technologies Announces Victor M. Koelsch Appointment as President and Chief Executive Officer

MILTON, Ga., May 20, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of Exide
Technologies, a global leader in stored electrical energy solutions,
announced today that Victor (Vic) M. Koelsch has been appointed President and
Chief Executive Officer of the Company, effective June 22, 2015. Mr. Koelsch
also joins the Company's Board of Directors at that time. He will succeed
Robert M. Caruso, Exide's current Chief Executive Officer, who served as
President and CEO since August 2013 and guided the Company through its recent
Chapter 11 restructuring.

Vic Koelsch, 51, is currently employed with the Michelin Groupe, a global
leader in the design, manufacture and sales of tires for every type of
vehicle, including airplanes, automobiles, bicycles, earthmovers, farm
equipment, heavy-duty trucks and motorcycles. Since 2011, Mr. Koelsch has
served as Executive Vice President, Michelin North America and Chief
Operating Officer for Michelin Americas Commercial Tires. From 2007 to 2011,
he was President of Michelin's Worldwide Original Equipment Business Unit
and, prior to this role, served as the Michelin Groupe's Vice President and
Global Chief Information Officer from 2001 to 2007.

Exide's stakeholders and new Board of Directors participated in a
comprehensive search for a CEO to lead the Company following its recent
restructuring. "The Company's selection of Vic Koelsch as Exide's next
President and Chief Executive Officer is yet another sign that the Company is
well-positioned for growth as it continues restructuring efforts that began
two years ago," said Keith E. Wandell, Chairman of the Board of Directors of
Exide Technologies. "Vic is an experienced senior executive with a proven
track record for profitably managing and growing sophisticated businesses. He
possesses extensive experience in both the Original Equipment and
aftermarket/retail channels in automotive as well as having years of
experience developing services and solutions for a broad array of industrial
customers during his time in the IT industry," added Wandell.

Mr. Koelsch has more than 29 years of experience in a variety of leading
global industrial and technology businesses. Vic joined Michelin in 2001
following various managerial positions with Boston Scientific (formerly
SulzerMedica/Intermedics), Compaq Computer Corporation and IBM. He earned his
Bachelor of Science in Computer Science from the University of Oklahoma and a
Masters of Business Administration in Finance from the University of Houston.

Vic and his family currently reside in South Carolina and will be relocating
to the Company's global headquarters in Milton, Georgia.

"I am honored and proud to serve as Exide's new President and Chief Executive
Officer, a Company that has a proud 127-year history. I am grateful for Bob
Caruso's leadership during Exide's recent restructuring, which has resulted
in a better capitalized company positioned for growth," said Koelsch. "I look
forward to working with Exide's new Board and leading the Company and its
almost 10,000 employees worldwide in building an exciting new future for
Exide Technologies."

About Exide Technologies

Exide Technologies, with operations in more than 80 countries, is one of the
world's largest producers and recyclers of lead-acid batteries. The Company's
global business groups provide a comprehensive range of stored electrical
energy products and services for industrial and transportation applications.
Transportation markets include original-equipment and aftermarket automotive,
heavy-duty truck, agricultural and marine applications, and new technologies
for hybrid vehicles and automotive applications. Industrial markets include
network power applications such as telecommunications, electric utilities,
railroads, photovoltaic (solar-power related) and uninterruptible power
supply (UPS), and motive-power applications including lift trucks, mining and
other commercial vehicles.

Jeannine Addams
Kristin Wohlleben
J. Addams & Partners, Inc.
404.231.1132 phone


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Exide Technologies via Globenewswire


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