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ArvinMeritor Appoints Bill Fisher Vice President of Human Resources for Light Vehicle Systems

Appointment Positions Business Unit for Organizational Success as ARVIN Innovation

TROY, Mich., Sept. 3 /PRNewswire/ -- ArvinMeritor, Inc. (NYSE: ARM) announced today that Bill Fisher is appointed vice president of Human Resources (HR) for the company's Light Vehicle Systems (LVS) business unit. He will be responsible for leading the business unit's HR strategy, including the overall organizational transition and cultural development as LVS continues its transformation into becoming ARVIN Innovation, an independent, standalone company, as announced May 6. Fisher will also have oversight responsibility for implementing employee training and leadership development programs.

Upon completion of the spinoff from ArvinMeritor, Fisher will become senior vice president, Human Resources for ARVIN Innovation where he will lead global human resource initiatives.

"Bill's prior experience in change management and organizational development make him a great addition to our team," said Phil Martens, president and CEO designate, ARVIN Innovation and president, LVS. "He will be extremely valuable in establishing a robust Human Resources function to support ARVIN Innovation's goals as a nontraditional Tier One supplier. To deliver on our goals as a technology-driven company, we will rely on Bill's expertise to recruit top talent."

Fisher has held several human resource management roles at General Electric since 1995. Most recently, he served as senior manager, Human Resources - Legal, Environmental Health and Safety, and Business Development for the company. In this role, he led all human resource functions for General Electric's legal, compliance, environmental, health, safety, business development, tax and government relations organizations, supporting more than 10,000 employees. Prior to joining General Electric in 1994, Fisher held training and HR positions at the State of Indiana (Bloomington, Ind.); Buffet Holdings, Inc. (Eden Prairie, Minn.); and Wyatt, Inc. (Dallas, Tex.).

He holds a bachelor of science degree in business administration from Cornell University, a master of business administration degree in human resources from Indiana University and a master of organizational development degree from Eastern Michigan University.

About Light Vehicle Systems

ArvinMeritor's LVS business group is a market leader in the product categories it serves, supplying integrated systems and modules to the world's leading passenger car and light truck OEMs. Through smart systems(TM) technologies, the intelligent application of controls and electronics, ArvinMeritor's traditional mechanical products are taking on new form and function at both the component and system levels. With advanced technology and systems design expertise in body systems, chassis and wheels, LVS combines high-quality components into cost-effective, performance-based solutions for virtually every car and light truck on the road today.

About ArvinMeritor

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 18,000 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/.

Forward-Looking Statements

This press release contains statements relating to future results of the company (including certain projections and business trends) that are "forward- looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "estimate," "should," "are likely to be," "will" and similar expressions. There are risks and uncertainties relating to the planned spin-off of ArvinMeritor's LVS business, including the timing and certainty of completion of the transition. In addition, actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to global economic and market cycles and conditions; the demand for commercial, specialty and light vehicles for which the company supplies products; risks inherent in operating abroad (including foreign currency exchange rates and potential disruption of production and supply due to terrorist attacks or acts of aggression); availability and sharply rising cost of raw materials, including steel and oil; OEM program delays; demand for and market acceptance of new and existing products; successful development of new products; reliance on major OEM customers; labor relations of the company, its suppliers and customers, including potential disruptions in supply of parts to our facilities or demand for our products due to work stoppages; the financial condition of the company's suppliers and customers, including potential bankruptcies; possible adverse effects of any future suspension of normal trade credit terms by our suppliers; potential difficulties competing with companies that have avoided their existing contracts in bankruptcy and reorganization proceedings; successful integration of acquired or merged businesses; the ability to achieve the expected annual savings and synergies from past and future business combinations and the ability to achieve the expected benefits of restructuring actions; success and timing of potential divestitures; potential impairment of long-lived assets, including goodwill; potential adjustment of the value of deferred tax assets; competitive product and pricing pressures; the amount of the company's debt; the ability of the company to continue to comply with covenants in its financing agreements; the ability of the company to access capital markets; credit ratings of the company's debt; the outcome of existing and any future legal proceedings, including any litigation with respect to environmental or asbestos-related matters; the outcome of actual and potential product liability and warranty and recall claims; rising costs of pension and other post-retirement benefits and possible changes in pension and other accounting rules; as well as other risks and uncertainties, including but not limited to those detailed from time to time in filings of the company with the SEC. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

All earnings per share amounts are on a diluted basis. The company's fiscal year ends on the Sunday nearest Sept. 30, and its fiscal quarters end on the Sundays nearest Dec. 31, March 31 and June 30. All year and quarter references relate to the company's fiscal year and fiscal quarters, unless otherwise stated.

SOURCE ArvinMeritor, Inc.

CONTACT: Media, Kim Adler of Light Vehicle Systems, +1-313-551-2573,
kimberly.adler@arvinmeritor.com, for ArvinMeritor, Inc; Investor Relations,
Terry Huch of ArvinMeritor, Inc., +1-248-435-9426,
terry.huch@arvinmeritor.com
Web site: http://www.arvinmeritor.com
(ARM)

 
 
 
 
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