TROY, Mich., Oct 10, 2007 /PRNewswire via COMTEX News Network/ -- ArvinMeritor, Inc. (NYSE: ARM) has
become the first company from the automotive manufacturing industry sector to
be classified as a "Most Valuable Player" (MVP), according to the 2007 Women's
Leadership Index (WLI) released Monday.
To achieve elite MVP status, ArvinMeritor was recognized in the following
categories for Fortune 500 companies:
- Women Directors: ArvinMeritor has two women on the board of directors
(both on key committees).
- Women Executive Officers: ArvinMeritor has three women in its top
- Women Directors and Executive Officers: ArvinMeritor has more than 20
percent of women on both its board of directors and executive
"ArvinMeritor has a rich culture of promoting women to leadership
positions, because of the valuable contributions they provide throughout the
company from the board room to the plant floor," said Chip McClure,
ArvinMeritor chairman, chief executive officer and president. "We continue to
give diversity candidates greater responsibility so they can move through the
organization. Women are important to our success - diverse talent leads to
diverse ideas and better business results."
The annual study, first published in 2003 and conducted by the Ross School
of Business at the University of Michigan, was commissioned by the Inforum
Center for Leadership, a nonprofit organization dedicated to providing
opportunities for women to advance their careers. The study is a benchmark for
Michigan companies to measure their female corporate resources at the
executive level and in the board room.
ArvinMeritor was named a MVP for its high scores in the comprehensive
analysis that required WLI points of 11 or more to make the top grade. The
index provides a snapshot of the combined presence and progress of women in
Michigan's largest companies.
Rhonda L. Brooks and Victoria B. Jackson have both been directors since
July 2000 and served as directors of Meritor from July 1999 until the merger.
They comprise 20 percent of the ArvinMeritor board seats. McClure said that
they are not only on the board, but also serve on key committees vital to the
Brooks is the chairman of the Environmental and Social Responsibility
Committee and is a member of the Corporate Governance and Nominating
Committee. Jackson is a member of the Audit Committee and the Environmental
and Social Responsibility Committee.
In the executive suites, ArvinMeritor has three women serving as executive
officers: Mary Lehmann, Bonnie Wilkinson and Lin Cummins.
Mary Lehmann is senior vice president of Strategic Initiatives, and
Treasurer. She is responsible for ArvinMeritor's global capital market and
treasury activities and leads the corporate strategy group. Lehmann also
serves on the Inforum Board of Directors.
Lehmann has received accolades for her groundbreaking treasury work during
the 2006 fiscal year to refinance ArvinMeritor's capital structure,
significantly improve its balance sheet and increase its liquidity, while
Wilkinson provided legal support for this activity.
Bonnie Wilkinson is vice president and secretary of ArvinMeritor. In
addition to her other legal duties, she is responsible for matters of
Lin Cummins is senior vice president of Communications. She is responsible
for corporate communications policy and strategy, executive and employee
communications, brand management, public relations, global marketing, and
governmental and community affairs. Today, she holds a rare communications
post as an elected company officer for a $6 billion company.
"We have a culture at ArvinMeritor where everyone contributes to our
success," said McClure. "Our female board members and officers are a valuable
component in our strategy to thrive in the global automotive industry. This
recognition is significant for ArvinMeritor since we're ahead of the curve,
according to the 2007 Women's Leadership Index. As a company, we work every
day to harness the creative power generated by bringing together knowledgeable
people with dissimilar backgrounds."
Looking beyond the officer level, ArvinMeritor also has women executives
in key roles at the vice president and director levels.
ArvinMeritor provides opportunities for its employees in 25 countries to
maximize their personal and professional potential. Diversity initiatives
focus on three main areas: Workforce Diversity, Behavioral and Cultural
Diversity, and Supplier Diversity.
ArvinMeritor has several initiatives in place globally to promote women.
The company recently celebrated International Women's Day at its facilities,
including its Xuzhou, China, location.
The San Luis Potosi, Mexico, facility has initiated unique ways to promote
its female workforce. Today, 27 percent of leadership positions are occupied
by women. Other benefits for women include union agreements that protect
pregnant employees and provide nursing mothers with an hour during their shift
to feed their babies.
ArvinMeritor's diversity programs have received public recognition as
well. ArvinMeritor's Light Vehicle Systems facility in Puebla, Mexico,
received the "2007 Great Place to Work for Women" award, issued by the Great
Place to Work Institute.
On Friday, October 12, McClure will join a CEO panel to discuss Inforum's
WLI findings at the Hotel St. Regis in Detroit.
ArvinMeritor, Inc. is a premier global supplier of a broad range of
integrated systems, modules and components to the motor vehicle industry. The
company serves light vehicle, commercial truck, trailer and specialty original
equipment manufacturers and certain aftermarkets. Headquartered in Troy,
Mich., ArvinMeritor employs approximately 19,000 people in 25 countries.
ArvinMeritor common stock is traded on the New York Stock Exchange under the
ticker symbol ARM. For more information, visit the company's Web site at:
SOURCE ArvinMeritor, Inc.