CLEVELAND, Jan. 28, 2002  -- Shiloh Industries, Inc. (Nasdaq: SHLO - news) announced today that Theodore K. Zampetis has been named Chief Executive Officer and President of Shiloh Industries, Inc., a leading manufacturer of engineered-welded blanks, first operation blanks, stamped components and modular systems for the automotive and heavy truck industries. The appointment was made following the acceptance by the Board of Directors of Shiloh of the resignation of Jack Falcon.

Mr. Zampetis has served as a Director of Shiloh since July 1993. Previously, he had worked for 27 years at Standard Products Company, a manufacturer of rubber and plastic parts principally for automotive original equipment manufacturers, where he held various positions, including serving as the President and Chief Operating Officer of World Wide Operations from 1991 to 1999 at which point Standard Products was sold to Cooper Tire. Most recently, he served as President of Strategic Partners International, LLC, a management consulting firm. Mr. Zampetis is a graduate of the Greek Merchant Marine Academy where he received a degree in electromechanical engineering. He also earned both B.B.A. and M.B.A. degrees from the University of Toledo with concentrations in international marketing and international finance.

``We look forward to the leadership and vast business experience that Ted brings to the management team,'' said Curtis Moll, Chairman of the Board of Shiloh. ``He will be instrumental in implementing the appropriate strategies for Shiloh's future successes.''

The forward-looking statements in this press release involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: a further downturn in the automotive industry and the general economy; competitive factors such as increases in the price of or limitations on the availability of steel; the ability of the Company to consummate and implement its strategic initiatives; potential disruptions in operations; delays in or cancellations of customer programs; a labor dispute involving Shiloh, its customers or suppliers; changes in estimated sale prices of assets held for sale; and other risks and uncertainties that may be identified from time to time in the Company's reports to the Securities and Exchange Commission.

Headquartered in Cleveland, Ohio, Shiloh Industries, Inc. owns 16 subsidiaries comprised of 11 operations in Ohio, Tennessee, Michigan, Georgia and Mexico.
 

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