Modine Manufacturing CEO Retirement and Succession

Modine Manufacturing Company's President and CEO David B. Rayburn retired effective March 31, 2008. Thomas A. Burke was appointed to succeed him as President and CEO, and Bradley C. Richardson was appointed to a newly created position of Executive Vice President - Corporate Strategy and CFO. Both were also elected to the Board of Directors.

“On April 6, 2008, Modine Manufacturing Company (the “Company” or “Modine”) entered into a retirement agreement (the “Retirement Agreement”) with its former President and Chief Executive Officer, David B. Rayburn, who retired from the Company and resigned from the Board of Directors, effective March 31, 2008. As previously disclosed in the Company’s Current Report on Form 8-K dated March 20, 2008, the Board of Directors has appointed Thomas A. Burke, Executive Vice President and Chief Operating Officer, to succeed Mr. Rayburn as President and Chief Executive Officer and Bradley C. Richardson, Executive Vice President, Finance and Chief Financial Officer, to a newly created position of Executive Vice President - Corporate Strategy and Chief Financial Officer.”

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