TROY, Mich., April 30, 2015 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today announced the appointment of Rob Speed as president, Aftermarket & Trailer and Chief Procurement Officer. In this role, Speed will have responsibility for the planning, organization and implementation of all sales and business strategies and operations for the Aftermarket & Trailer business segment. In addition, he will maintain responsibility for Meritor's Procurement, Supply Chain and Facilities organizations. Speed will report directly to Jay Craig, CEO and President.
"Rob's ability to achieve results across diverse organizational functions is an asset as we continue to focus on our strategic targets," Craig said.
Speed was named vice president and Chief Procurement Officer in March 2014. Prior to that, he was vice president of Global Purchasing. He joined Meritor in 2005 as manager of capital markets. Speed also served as managing director of Meritor's Australia operations and held various executive-level positions in finance and other areas within Meritor.
Prior to joining Meritor, Speed was director of Finance & Administration at NOP Automotive Worldwide. He also held positions at Peter Securities LLC and First of America Bank.
He holds a bachelor's degree in finance from Ferris State University and a Master of Business Administration from the University of Michigan's Stephen M. Ross School of Business.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of more than 9,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 18 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at meritor.com.
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SOURCE Meritor, Inc.
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