Creates Emissions Technology Group to Support Increasing Customer Demand
Philip R. Martens named senior vice president and president, Light Vehicle
Systems; Juan De La Riva to retire
Carsten J. Reinhardt named senior vice president and president, Commercial
Vehicle Systems; Tom Gosnell to retire
H.H. "Buddy" Wacaser named senior vice president and president, Emissions
TROY, Mich., Aug. 24 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc.
(NYSE: ARM) today announced a series of executive changes within its global
operations, as well as a new Emissions Technology Group.
The following changes, effective Sept. 1, 2006, were announced by
ArvinMeritor's Chairman, CEO and President Chip McClure:
Philip R. Martens is named senior vice president and president of the
company's Light Vehicle Systems (LVS) business -- he most recently served as
president and COO of Plastech Engineered Products. Martens will succeed Juan
De La Riva, who is retiring after 12 years at ArvinMeritor and more than 30
years in the automotive industry. Martens will be responsible for the overall
strategic and operational management of the company's passenger vehicle
components, modules and systems business, including the aperture and
"Phil's extensive knowledge of the automotive industry, together with his
vast international experience, operational expertise and proven leadership
capabilities, will be a major asset in leading the LVS organization," said
McClure. "With our increased focus on improving margins, we are confident
that Phil will deliver the results we expect in maximizing operating
efficiencies, while enhancing LVS performance and maintaining our strong
position in the global markets we serve."
Carsten J. Reinhardt is named senior vice president and president of the
company's Commercial Vehicle Systems (CVS) business. Reinhardt previously
held the position of CEO and president of Detroit Diesel Corp., a subsidiary
of DaimlerChrysler AG. Reinhardt succeeds Tom Gosnell, who is retiring after
27 years at ArvinMeritor. To ensure a smooth transition for the CVS business,
Gosnell will remain an ArvinMeritor consultant.
Reinhardt will be responsible for the overall strategic management of the
company's global commercial vehicle components and customer-focused services
-- both for OE production and the aftermarket.
"Carsten's track record for focusing on operational excellence, improving
financial performance and executing growth initiatives will be a tremendous
asset to maintaining and enhancing an already strong organization," said
McClure. "We remain steadfast in our determination to continue controlling
costs and to provide outstanding customer service, and we are confident
Carsten has the skills and business acumen to drive continued growth in this
H.H. "Buddy" Wacaser is named senior vice president and president of the
newly formed Emissions Technology Group. The Emissions Technology
organization will be devoted to the ongoing development and operations of both
light and heavy vehicle emissions technologies and products. Wacaser will be
responsible for overall strategic management of the group. Wacaser most
recently served as president and CEO of Meridian Automotive Systems, Inc.
"With more than three decades of experience in manufacturing, quality and
engineering, Buddy has a deep understanding of the need for efficient
operations," said McClure. "He has successfully led integration teams and
helped forge strategic relationships with customers worldwide. We look
forward to benefiting from his strong operational and financial expertise, and
the contributions he will bring to the Emissions Technology Group." McClure
continued, "In addition to our LVS and CVS businesses, we established the
Emissions Technology Group as a separate business, in order to provide a
sharper focus on and better support of the increasing customer demand for both
light and heavy vehicle emissions systems and solutions."
ArvinMeritor's Light Vehicle Emissions and Commercial Vehicle Emissions
businesses will become part of the newly formed group. "We see tremendous
opportunities for growth in the emissions arena and believe this new, focused
group will help us maintain our leadership position in this growing market
segment," said McClure.
Martens, Reinhardt and Wacaser will report to Chip McClure.
McClure added, "On behalf of ArvinMeritor, I would like to thank Juan and
Tom for their many years of dedication and valuable contributions to the
company. Their ongoing commitment to innovation and to driving our continued
global expansion has helped position ArvinMeritor as an industry leader that
is poised for future growth and success. We wish them well."
Below are brief biographies for ArvinMeritor's new executives:
Philip R. Martens
Martens most recently served as president and COO of Plastech Engineered
Products. Martens managed the company's operations, sales, purchasing,
product development, information technology, new business development and
He joined Plastech after its acquisition of LDM, which grew revenue from
$300 million to approximately $1 billion. Before joining Plastech in 2005,
Martens spent more than 18 years in various leadership positions with Ford
Motor Co., including as: group vice president of Product Creation, vice
president of North American Product Creation and vice president of North
American Product Development.
Martens joined Ford in 1987 and held various engineering positions until
1999, when he was named managing director of Planning, Design and Product
Development of Mazda Motor Corp. in Hiroshima, Japan.
Martens holds a Ph.D. in engineering from Lawrence Technical Institution,
a bachelor's degree in mechanical engineering from Virginia Tech and a Master
of Business Administration from the University of Michigan.
Carsten J. Reinhardt
Reinhardt joined Detroit Diesel Corp. (DDC), an affiliated company of the
Freightliner Group, a DaimlerChrysler company, as CEO and president in March
2003. Reinhardt was responsible for overseeing DDC's business and operations,
including the design, manufacturing and marketing of DDC's heavy-duty diesel
engines for the global on-highway commercial vehicle market.
Prior to his role at DDC, Reinhardt served as vice president and general
manager of Operations for Freightliner LLC subsidiary Western Star Trucks,
from March 2001 to April 2003. Before that, he held various management
positions with Freightliner's Manufacturing organization. He began his career
as a management trainee at DaimlerChrysler in 1993.
Reinhardt holds a bachelor's degree in mechanical engineering from
Esslingen Technical College in Germany and a master's degree in automotive
engineering from the University of Herdfordshire in the United Kingdom.
H.H. "Buddy" Wacaser
Wacaser was president and CEO of Meridian Automotive Systems, Inc., a
full-service Tier One supplier to Ford Motor Co., General Motors,
DaimlerChrysler, Toyota, Honda and Nissan from 2002-2005. Prior to this role,
he served as Meridian's executive vice president, from 1997-2002.
Wacaser has more than 33 years of experience in manufacturing, quality and
engineering. Prior to joining Meridian in 1997, Wacaser was employed from
1978 to 1997 by Alcoa Fujikura Ltd., where he served as vice president of
European Operating and Emerging Markets, located in Stuttgart, Germany and
Budapest, Hungary. He was previously vice president of the North American
Electrical Distribution Systems (EDS) Operations, and prior to that was
operations manager responsible for multiple EDS plant operations. From 1967
to 1977, Wacaser was employed by ITT Automotive Electrical Products Division
in various manufacturing positions.
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 light vehicle, commercial truck, trailer and specialty original
equipment manufacturers and certain aftermarkets. Headquartered in Troy,
Mich., ArvinMeritor employs approximately 29,000 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.
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