Press release

Tenneco Appoints Richard Kwas Vice President, Investor Relations

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Tenneco Inc. (NYSE:TEN) has appointed Richard Kwas as vice president,
investor relations. Kwas is anticipated to lead the investor relations
team for the new Tenneco company that is expected to emerge later this
year when the company separates its businesses into two new, publicly
traded companies, a Powertrain Technology company and an Aftermarket and
Ride Performance company. In this role, Kwas will lead IR strategy for
the Powertrain Technology company and oversee financial communications
with the company’s shareholders and investment community.

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Richard Kwas, VP Investor relations for the new Tenneco powertrain company (Photo: Business Wire)

Richard Kwas, VP Investor relations for the new Tenneco powertrain company (Photo: Business Wire)

“Richard’s deep experience and knowledge of the automotive sector are
extremely valuable in helping us define our growth strategy following
separation,” said Ron Hundzinski, executive vice president, finance,
Tenneco. “His experience and proven track record will be critical for
consistent, clear communications on our financial position with the
global investor community. We’re pleased to have him join the team.”

Kwas joins Tenneco with nearly 25 years of industry experience. Most
recently, he served as managing director and senior equity research
analyst for Wells Fargo Securities, where he led analysis for top
automotive and industrial stocks and has written extensively on global
emissions. Before that, he held a number of positions of increasing
responsibility at Wells Fargo and prior to that, was an analyst at Banc
of America Securities LLC. He also has appeared on CNBC and Bloomberg
Television and has been quoted in notable financial publications,
including The Wall Street Journal, Barron’s and The Financial

Kwas earned a bachelor’s degree in business administration from Loyola
College in Baltimore, Md. He is a Chartered Financial Analyst (CFA)®.

Linae Golla will continue to serve as Vice President, Investor Relations
for Tenneco until the separation, at which time she is expected to be
Vice President, Investor Relations for the new company, DRiV

About Tenneco

Headquartered in Lake Forest, Illinois, Tenneco is one of the world’s
leading designers, manufacturers and marketers of Aftermarket, Ride
Performance, Clean Air and Powertrain products and technology solutions
for diversified markets, including light vehicle, commercial truck,
off-highway, industrial and the aftermarket, with 2018 revenues of $11.8
billion and approximately 81,000 employees worldwide. On October 1,
2018, Tenneco completed the acquisition of Federal-Mogul, a leading
global supplier to original equipment manufacturers and the aftermarket.
Additionally, the company expects to separate its businesses to form two
new, independent companies, an Aftermarket and Ride Performance company
as well as a new Powertrain Technology company, in the second half of

About DRiVTM – the future Aftermarket and
Ride Performance Company

Following the separation, DRiV will be one of the largest global
multi-line, multi-brand aftermarket companies, and one of the largest
global OE ride performance and braking companies. DRiV’s principal
product brands will feature Monroe®, Öhlins® Walker®,
Clevite®Elastomers, MOOG®, Fel-Pro®, Wagner®, Ferodo®, Champion® and
others. DRiV would have 2018 pro-forma revenues of $6.4 billion, with
54% of those revenues from aftermarket and 46% from original equipment

About the new Tenneco – the future Powertrain Technology Company

Following the separation, the new Tenneco will be one of the world’s
largest pure-play powertrain companies serving OE markets worldwide with
engineered solutions addressing fuel economy, power output, and criteria
pollution requirements for gasoline, diesel and electrified powertrains.
The new Tenneco would have 2018 pro-forma revenues of $11.4 billion,
serving light vehicle, commercial truck, off-highway and industrial

Safe Harbor

This release contains forward-looking statements. These forward-looking
statements relate to our plans to separate into two independent public
companies. Forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results to materially differ
from those described in the forward-looking statements, including the
possibility that Tenneco may not complete the spin-off of the
Aftermarket & Ride Performance business from the Powertrain Technology
business (or achieve some or all of the anticipated benefits of such a
spin-off); the possibility that the acquisition of Federal-Mogul or the
separation may have an adverse impact on existing arrangements with
Tenneco, including those related to transition, manufacturing and supply
services and tax matters; the ability to retain and hire key personnel
and maintain relationships with customers, suppliers or other business
partners; the risk that the benefits of the acquisition of Federal-Mogul
or the separation, including synergies, may not be fully realized or may
take longer to realize than expected; the risk that the acquisition of
Federal-Mogul or the separation may not advance Tenneco’s business
strategy; the risk that Tenneco may experience difficulty integrating
all employees or operations; the potential diversion of Tenneco
management’s attention resulting from the separation; as well as the
risk factors and cautionary statements included in Tenneco’s periodic
and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time
with the SEC. Given these risks and uncertainties, investors should not
place undue reliance on forward-looking statements as a prediction of
actual results. Unless otherwise indicated, the forward-looking
statements in this release are made as of the date of this
communication, and, except as required by law, Tenneco does not
undertake any obligation, and disclaims any obligation, to publicly
disclose revisions or updates to any forward-looking statements.
Additional information regarding these risk factors and uncertainties is
detailed from time to time in the company’s SEC filings, including but
not limited to its annual report on Form 10-K for the year ended
December 31, 2018.