The Board of Directors of Tower International, Inc. has appointed James Gouin as President, effective September 1, and as CEO, effective January 1, 2017. Mr. Gouin will join the Board of Directors when he becomes CEO. Also effective immediately, Jeffrey Kersten will succeed Mr. Gouin as Executive Vice President and Chief Financial Officer.

Mark Malcolm will remain as CEO until his previously announced retirement at year-end. Mr. Malcolm will continue to serve on Tower's Board of Directors following his retirement. Mr. Gouin, age 56, joined Tower as CFO in November 2007.

Prior to joining the Company, he worked at Ford Motor Company for 28 years in a variety of senior positions, including Vice President, Finance and Global Corporate Controller and Vice President of Finance, Strategy and Business Development for International Operations. Mr. Kersten, age 48, joined Tower in 1997. He has been the Company's Senior Vice President and Corporate Controller since 2007; in 2014, he added responsibility for Business Development.

Prior to joining Tower, Mr. Kersten worked seven years at Arthur Andersen. Mr. Malcolm joined Tower as President and CEO in August 2007 upon the Company's emergence from bankruptcy.