LAKE FOREST, ILLINOIS, JULY 1, 2002 - Tenneco Automotive (NYSE: TEN) announced today that the company was added to the Russell 2000 Index as a result of the annual reconstitution of the Frank Russell Company U.S. equity indexes. The Russell 2000 Index is determined by market capitalization and style attributes. The Index is widely used by managers for index funds as well as a benchmark for investment strategies.
Annual reconstitution of the Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization and style attributes to create the Russell 3000. The largest 1,000 companies in the ranking comprise the Russell 1000 Index while the remaining 2,000 companies become the widely used Russell 2000 Index. Approximately $250 billion is currently invested in index funds comprised of equity securities issued by companies listed in Russell’s indexes.
Tenneco Automotive is a $3.4 billion manufacturing company with headquarters in Lake Forest, Ill., and 21,600 employees worldwide. Tenneco Automotive is one of the world's largest producers and marketers of ride control and exhaust systems and products, which are sold under the Monroe® and Walker® global brand names. Among its products are Sensa-Trac® and Reflex™ shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow™ mufflers and DynoMax® performance exhaust products, and Monroe® Clevite™ vibration control components.
Frank Russell Company, a global leader in multi-manage investment services, provides investment products and services in more than 35 countries. Russell manages $70 billion in assets and advises clients worldwide representing US$1.8 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information, go to www.russell.com.
Tenneco Automotive, Media Relations
(1) 847 482 5607
Tenneco Automotive, Investor Relations
(1) 847 482 5042