TROY, Mich., Feb 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- ArvinMeritor, Inc.
(NYSE: ARM) today held its annual shareowners meeting in Troy, Mich.
At the meeting, shareowners voted to elect Joseph P. Flannery, William D.
George Jr., Charles H. Harff, Steven G. Rothmeier and Andrew J. Schindler to
the Board of Directors for terms expiring in 2008. They also voted Richard W.
Hanselman to the Board of Directors for a term expiring in 2006. In addition,
the shareowners approved the selection of Deloitte & Touche LLP as the
company's auditors, and approved the adoption of amendments to the 1997 Long-
Term Incentives Plan and Incentive Compensation Plan. Also effective at
today's meeting, Martin D. Walker retired from the Board of Directors after
many years of service on the Boards of both ArvinMeritor and Meritor
ArvinMeritor Chairman, Chief Executive Officer and President Charles G.
"Chip" McClure presented an overview of the company's financial performance in
fiscal year 2004 and highlighted the company's recent accomplishments.
McClure also shared insight into the challenges and opportunities in today's
automotive industry, provided financial results from the first quarter of
fiscal year 2005, and discussed the company's 3R strategy for improving its
financial performance that focuses on: Rationalizing assets, Refocusing
resources and Regenerating the business.
In addition, McClure highlighted major growth areas for ArvinMeritor.
Those include continued global expansion into emerging markets, as well as
opportunities in undercarriage and emissions for passenger and commercial
vehicles. The entire presentation is available on the Investor page of
ArvinMeritor, Inc. is a premier $8 billion 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 related aftermarkets.
Headquartered in Troy, Mich., ArvinMeritor employs approximately 31,000 people
at more than 120 manufacturing facilities 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:
Joseph P. Flannery
Joseph Flannery, a director since July 2000 and a director of Arvin from
1991 until July 2000, is chairman of the Corporate Governance and Nominating
Committee and a member of the Compensation and Management Development
Committee. He is the chairman of the board, president and chief executive
officer of Uniroyal Holding, Inc., positions he has held since 1987. Flannery
is a director of The Scotts Company.
William D. George Jr.
William George, a director since July 2000 and a director of Arvin from
1994 until July 2000, is chairman of the Audit Committee and a member of the
Environmental and Social Responsibility Committee. Since 1981, he served in a
variety of positions with S.C. Johnson Wax, until he became executive vice
president and chief operating officer, Worldwide Consumer Products, from 1988
to 1990, and president, Worldwide Consumer Products, from 1990 to 1993.
George was elected president and chief executive officer of S.C. Johnson Wax
in 1993, positions he held until retirement in 1997. George is also a
director of Reilly Industries, Inc. and is a trustee emeritus of Carthage
Charles H. Harff
Charles Harff, a director since July 2000 and a director of Meritor from
May 1997 until July 2000, is a member of the Audit Committee and the
Compensation and Management Development Committee. From June 1984, when he
joined Rockwell, until November 1994, Harff served as senior vice president,
general counsel and secretary of Rockwell. From November 1994 to February
1996, he served as senior vice president and special counsel of Rockwell, and
served as a consultant to Rockwell from February 1996 to July 2001. Harff is
a retired president and director of the Fulbright Association and a director
of several charitable and civic organizations.
Steven G. Rothmeier
Steven Rothmeier, a director since November 2004, is a member of the
Corporate Governance and Nominating Committee. He is the chairman and CEO of
Great Northern Capital, an investment management firm based in St. Paul, Minn.
Rothmeier founded Great Northern Capital in 1993, after serving three years 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 sits on the boards of directors of GenCorp,
Inc., Precision Castparts Corp. and Waste Management, Inc. He is also a
trustee of the University of Chicago and serves on the boards of a number of
civic, business and charitable organizations.
Andrew J. Schindler
Andrew Schindler, a director since November 2004, is a member of the
Compensation and Management Development Committee. He is the chairman of
Reynolds American Inc., the parent company of R.J. Reynolds Tobacco Company,
Santa Fe Natural Tobacco Company and Lane Limited. Schindler -- who, until
July 2004, was chairman and CEO of R.J. Reynolds Tobacco Holdings, Inc. --
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. Schindler is a member of the board of trustees of Wake Forest
University and a member of the boards of various civic and business
Richard W. Hanselman
Richard Hanselman, a director since July 2000 and a director of Arvin from
1983 until July 2000, is a member of the Compensation and Management
Development Committee and the Corporate Governance and Nominating Committee.
He was chairman of the board of Health Net, Inc. (including with its
predecessor, Foundation Health Corporation) from 1999 until December 2003, and
continues to serve as a director. Earlier, Hanselman joined Genesco, Inc. in
1980 and was named chief executive officer in 1981, serving in that capacity
and as chairman of the board until 1986. He is a director of Forward Air
Corporation and an honorary trustee of the Committee for Economic Development.
SOURCE ArvinMeritor, Inc.
both of ArvinMeritor, Inc.