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ArvinMeritor Names Jeffrey 'Jay' Craig Chief Financial Officer

TROY, Mich., May 6 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM) today announced that Jeffrey "Jay" Craig, currently senior vice president and controller, has been named senior vice president and CFO of the company, effective immediately.

Craig replaces James Donlon, executive vice president and CFO at ArvinMeritor since March 2005. Donlon will immediately begin supporting ArvinMeritor's Light Vehicle Systems (LVS) business group in the capacity of chief financial officer as it prepares to become an independent company, to be named Arvin Innovation, and upon completion of the spin off, he will become executive vice president and CFO of Arvin Innovation.

"In Jay's new role, he will drive ArvinMeritor's financial performance, as well as provide overall financial direction and guidance to the corporation," said Chip McClure, chairman, CEO and president. "He brings a wealth of talent and experience to the position of CFO, and has a skill set and perspective which will greatly benefit the company and our shareholders.

"On behalf of the entire board of directors, I also want to thank Jim for his outstanding contributions to ArvinMeritor over the years. We are confident that he will drive success in the LVS business in his new role," continued McClure.

In his current position, Craig is responsible for worldwide financial controls and compliance with Sarbanes-Oxley requirements; financial systems; financial planning and management reporting; accounting policies; and external reporting. He is also been responsible for leading the company's efforts to realize overhead cost reduction for indirect materials and savings associated with Performance Plus, the company's transformational program.

Before joining ArvinMeritor, Craig served as president and CEO of General Motors Acceptance Corp.'s (GMAC) Commercial Finance organization from 2001 to 2006. Prior to that, he served as president and CEO of GMAC's Business Credit division from 1999 until 2001. He joined GMAC as a general auditor in 1997 from Deloitte & Touche, where he served as an audit partner.

Craig holds a Bachelor of Science in accounting from Michigan State University and a Master of Business Administration from Duke University in Durham, N.C.

About ArvinMeritor

Today, 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 commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. Headquartered in Troy, Mich., ArvinMeritor employs approximately 19,000 people in 24 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: http://www.arvinmeritor.com/.

SOURCE ArvinMeritor, Inc.

CONTACT: Media Inquiries, Lin Cummins, +1-248-435-7112,
linda.cummins@arvinmeritor.com; Investor Relations, Terry Huch,
+1-248-435-9426, Terry.huch@arvinmeritor.com, both of ArvinMeritor, Inc.
Web site: http://www.arvinmeritor.com

2014 Meritor, Inc. All Rights Reserved.

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