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ArvinMeritor Appoints James Donlon Chief Financial Officer

Sachdev to lead corporate strategy

TROY, Mich., March 28 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM) today announced that James Donlon has been named to the position of senior vice president and chief financial officer, effective April 1, 2005. In this position, Donlon will drive ArvinMeritor's financial performance, as well as provide comprehensive financial direction and guidance to the corporation.

Rakesh Sachdev, vice president and controller, who has been responsible for these duties during the search for a new CFO, will support Donlon until a new controller is named. At the same time, Sachdev will assume a new role as senior vice president of Corporate Strategy.

Donlon comes to ArvinMeritor from the position of senior vice president and chief financial officer for Kmart Corporation, the $20 billion discount retailer headquartered in Troy, Mich. From 1998 until 2003, he was senior vice president and controller for the Chrysler Group at DaimlerChrysler Corporation in Auburn Hills, Mich. Donlon joined DaimlerChrysler in 1979, and held financial management and leadership positions of increasing responsibility during his 25 years there, including that of director of International Planning and New Venture Development. He began his career in 1969 with Ford Motor Company. Donlon holds a bachelor's degree in business administration from California State University (Fresno) and a master's in business administration from the University of Southern California.

"We are delighted that Jim is joining our team," said ArvinMeritor Chairman, CEO and President Charles G. "Chip" McClure. "With more than 35 years in key financial positions around the world for both DaimlerChrysler and Ford Motor Company, Jim's wealth of experience and expertise in automotive operations, as well as his proven track record of leading a successful finance team, will be a significant asset in achieving our goal to rationalize, refocus and regenerate our company. His role in transforming Kmart's focus from revenue to profit, and being a strong proponent of solid operating metrics also will support ArvinMeritor's efforts to strengthen its financial performance.

"We are grateful to Rakesh and the entire finance team for doing a great job as we finalized our search for a new chief financial officer. In his new role, Rakesh brings a strong financial background, extensive automotive experience and exceptional operational knowledge to support our efforts in advancing the company's global growth strategy."

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: http://www.arvinmeritor.com/ .

SOURCE ArvinMeritor, Inc.

CONTACT:
Media Inquiries:
Lin Cummins
248-435-7112
linda.cummins@arvinmeritor.com

Investor Inquiries:
Alice McGuire
248-655-2159
alice.mcguire@arvinmeritor.com
both of ArvinMeritor, Inc.

 
 
 
 
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