Lehmann to Assume Expanded Role Leading the Company's Strategic Initiatives
TROY, Mich., July 28 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE:
ARM) today announced that Kevin Nowlan is appointed vice president and
Treasurer, effective immediately. In this role, Nowlan will assume
responsibility for the company's global capital market and treasury
activities. He will report directly to Jay Craig, senior vice president and
chief financial officer.
"Kevin brings extensive experience and financial insight to this
position," said Jay Craig, senior vice president and CFO. "Since joining
ArvinMeritor, he has made major contributions to the company and we consider
him a significant asset."
Nowlan was previously vice president and assistant treasurer at
ArvinMeritor. He has been with the company since 2007. Prior to joining
ArvinMeritor, Kevin held a series of senior level financial positions with the
GM Treasurer's Office and GMAC Financial Services in New York and Michigan. He
holds a Master of Business Administration in Finance, as well as a Bachelor of
Arts degree in Economics, both from the University of Michigan.
Nowlan succeeds Mary Lehmann who served as treasurer of ArvinMeritor since
2006. Lehmann, a senior vice president and executive officer of the company
has, in the past several years, been assigned various responsibilities in
addition to the treasurer role including leading the company's Corporate
Development and Strategy group, as well as global Information Systems. She
will continue to lead both functions, having responsibility for all merger and
acquisition activities and a global Information Systems function that is
committed to driving improved efficiency and business value. Her current focus
is to complete the company's strategic initiative to divest its global light
vehicle systems business with the objective that ArvinMeritor can expand its
business globally in the commercial vehicle on- and off-highway segments.
In addition, Carl Anderson is appointed assistant treasurer, replacing
Kevin Nowlan. Anderson was previously director of Capital Markets for
ArvinMeritor. Prior to joining ArvinMeritor, Anderson was senior manager of
securitization for GMAC. Anderson holds a Master of Business Administration in
Finance from Wayne State University and a Bachelor of Arts degree in Economics
from Michigan State University.
ArvinMeritor, Inc. is a premier global supplier of a broad range of
integrated systems, modules and components to the motor vehicle industry. The
company marks its centennial anniversary in 2009, celebrating a long history
of 'forward thinking.' ArvinMeritor serves commercial truck, trailer and
specialty original equipment manufacturers and certain aftermarkets, and light
vehicle manufacturers. 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: www.arvinmeritor.com/.
SOURCE ArvinMeritor, Inc.
Krista Sohm, +1-248-435-7115,
Terry Huch, +1-248-435-9426,
Web Site: http://www.arvinmeritor.com