TROY, Mich., Nov. 11 /PRNewswire/ -- ArvinMeritor Inc. (NYSE: ARM) today
announced that Steven G. Rothmeier, chairman and CEO of Great Northern
Capital, and Andrew J. Schindler, chairman of Reynolds American Inc., have
been elected to the ArvinMeritor Board of Directors, effective Nov. 11, 2004.
The announcement was made following a company Board meeting.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
"Both of these individuals bring a wealth of solid business, financial and
operational leadership to the table, and have a great deal to contribute to
the ArvinMeritor team," said Chairman, CEO and President Charles G. "Chip"
McClure. "We are fortunate they have chosen to join us at this time."
Rothmeier founded Great Northern Capital, based in St. Paul, Minn., in
1993, after serving as president of a Twin Cities venture capital and merchant
banking firm. Before that, he was with Northwest Airlines, Inc. Rothmeier
began his career with Northwest in 1973 as a corporate financial analyst --
later to become director of economic planning in the Regulatory Proceedings
Division. Subsequent positions of increasing leadership at Northwest included
vice president of finance and treasurer; executive vice president of finance
and administration; CFO; and president and COO. He was named chairman and CEO
of NWA, Inc. and the airline in 1985.
Rothmeier earned a bachelor's degree in business administration from the
University of Notre Dame and a master's degree in business administration from
the University of Chicago Graduate School of Business.
Schindler is chairman of Reynolds American, the parent company of R.J.
Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Lane Limited and
R.J. Reynolds Global Products, Inc. that was established in July 2004. He
joined R.J. Reynolds Industries, Inc. in 1974. After a series of positions of
increasing responsibility he was named director of manufacturing for Nabisco
Foods Co. in 1987. Returning to R.J. Reynolds Tobacco in 1988 as vice
president of personnel, Schindler moved to operations the following year and,
in 1994, was named president and COO. The next year, he became president and
CEO, and, in 1999, was named chairman, president and CEO of R.J. Reynolds
Tobacco Holdings, Inc.
Schindler achieved the rank of captain in the U.S. Army, where he held
command and staff positions in the United States and in Vietnam. He earned a
bachelor's degree from Franklin and Marshall College in Lancaster, Pa., and
holds a master's degree in business administration from The Wharton School of
the University of Pennsylvania.
ArvinMeritor, Inc. is a premier $8 billion global supplier of a broad
range of integrated systems, modules and components to the motor vehicle
The company serves light vehicle, commercial truck, trailer and specialty
original equipment manufacturers and related aftermarkets. Headquartered in
Troy, Mich., ArvinMeritor employs approximately 32,000 people at more than 150
manufacturing facilities in 27 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 .
This press release also 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. 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 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; availability and
cost of raw materials; 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 customers and
suppliers; successful integration of acquired or merged businesses; the
ability to achieve the expected annual savings and synergies from past and
future business combinations; success and timing of potential divestitures;
potential impairment of long-lived assets, including goodwill; competitive
product and pricing pressures; the amount of the company's debt; 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; as well
as other risks and uncertainties, including, but not limited to, those
detailed from time to time in the filings of the company with the Securities
and Exchange Commission.
SOURCE ArvinMeritor, Inc.
/CONTACT: Media Inquiries: Krista McClure, +1-248-435-7115,
firstname.lastname@example.org , or Investor Inquiries: Alice McGuire,
+1-248-655-2159, email@example.com , both of ArvinMeritor Inc./
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO
PRN Photo Desk, firstname.lastname@example.org/
/Company News On-Call: http://www.prnewswire.com/comp/762401.html/
/Web site: http://www.arvinmeritor.com /
CO: ArvinMeritor, Inc.
-- DETH019 --
0717 11/11/2004 16:36 EST http://www.prnewswire.com