Ferro Appointed Executive Officer to Lead Industrial Segment
Bowes Now Responsible for Commercial Truck Business
TROY, Mich., July 21, 2011 /PRNewswire via COMTEX/ --
Meritor, Inc. (NYSE: MTOR) today announced changes to its executive management team, effective immediately.
Meritor's board of directors has elected Pedro Ferro to the position of vice president and president of the company's Industrial segment and an executive officer. Ferro will report directly to Chip McClure, chairman, CEO and president. Ferro rejoined the company in May 2011 as vice president, Strategic Business Performance. He is responsible for managing all aspects of the company's business in off-highway, military, bus and coach, fire and emergency, and other industrial applications. Ferro will also have responsibility for the company's on- and off-highway activities in Asia Pacific.
Tim Bowes, previously responsible for the company's Industrial segment is appointed vice president and president, Commercial Truck. Bowes, who recently returned to the United States after spending three years in China, will now assume responsibility for the company's drivetrain systems and components, including axles, drivelines, braking and suspension systems, primarily for medium and heavy duty trucks in North America, South America and Europe. Bowes will now report to McClure.
Joe Mejaly, vice president and president, will continue to manage the Aftermarket & Trailer business segment. Mejaly is responsible for the Aftermarket group which supplies axles, brakes and suspension parts to commercial vehicle aftermarket customers in the United States, Canada, Mexico, Europe, South America and Asia Pacific. He is focused on expanding the Aftermarket parts and distribution business, in addition to developing and growing Meritor's remanufacturing and Aftermarket Services businesses. Mejaly will also report to McClure.
Mary Lehmann, senior vice president, will assume responsibility for Corporate Strategy in addition to her existing responsibilities for Treasury, Tax, Corporate Development, Communications and Investor Relations.
Carsten Reinhardt, formerly chief operating officer, has left the company to pursue other opportunities. The company does not plan to replace this position.
About Meritor, Inc.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers in more than 70 countries. Based in Troy, Mich., more than 11,000 employees are located in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices worldwide. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's web site at meritor.com.
SOURCE Meritor, Inc.