SOUTHFIELD, MI -- Lear Corp. has completed a transaction to issue $200 million of common stock in a private placement to affiliates of and funds managed by Carl Icahn, following the receipt of regulatory clearance.

Additionally, Lear's Board of Directors has elected Vincent Intrieri to its board of directors, effective immediately. Vince Intrieri is a senior managing director of Icahn Partners LP and Icahn Partners Master Fund LP, private investment funds controlled by Icahn and engaged in the business of holding and investing in securities. He is a director of American Property Investors, Inc., American Railcar Industries, Inc., Viskase Companies, Inc., and XO Holdings Inc.

Intrieri, a certified public accountant, received a B.S. in accounting from The Pennsylvania State University.

For more information about Lear Corp., go to: http://www.lear.com