Meritor Announces Executive Appointments Associated with Restructuring Action

Meritor Announces Executive Appointments Associated with Restructuring Action

PR Newswire

TROY, Mich., Jan. 17, 2013

TROY, Mich., Jan. 17, 2013 /PRNewswire-FirstCall/ -- Meritor, Inc. (NYSE:
MTOR) has announced a series of organizational changes designed to more
closely align its overall structure with its recent business segment
consolidation.

The company expects to report results under two segments:

  oCommercial Truck & Industrial
  oAftermarket & Trailer

"These appointments will drive efficiencies across the organization while
keeping us very focused on our customers and products around the world," said
Chip McClure, chairman, CEO and president, Meritor. "In addition, these
changes will streamline decision-making and ultimately support our ongoing
efforts to reduce costs."

Commercial Truck & Industrial

Leading the Commercial Truck & Industrial segment in new and expanded roles
under the direction of Tim Bowes, president, are the following:

  oJoe Plomin is appointed vice president, Europe and Australia. In this
    role, Plomin is responsible for Meritor's brake and axle business in these
    regions. Previously, he was vice president, Global Brakes, Commercial
    Truck. Plomin is based in Europe.
  oChris Snodgrass, vice president, North America, is responsible for the
    company's brake, axle and specialty business in the region.
  oGeoff Dong is appointed managing director, China, ASEAN and Japan. In this
    role, Dong is responsible for the planning and execution of all OE and
    aftermarket business activities in these regions.
  oThimmaiah NP continues in his role as managing director of India. In this
    role, he leads all of Meritor's OE and aftermarket activities in India. 
  oSilvio Barros, managing director, South America, will assume an expanded
    role to include responsibility for the Aftermarket business in the region.
  oTim Burns, vice president, Global Defense and Off-Highway, will continue
    in his current role.

Additional appointments in the Commercial Truck & Industrial segment are:

  oBrett Penzkofer is appointed general manager, Global Product Strategy. In
    this new role, Penzkofer will be responsible for creating, implementing
    and leading global product strategy and coordinating all product
    development activities. Previously, he served as senior director of
    Finance for the company's Commercial Truck business.
  oSteve Gudgel will repatriate to the United States to become general
    manager, Global Business Initiatives. Gudgel will support a variety of
    programs designed to improve the overall efficiency of the business
    globally. Gudgel was previously the managing director of the company's
    axle and driveline business in Europe.

Aftermarket & Trailer

Under the direction of Pedro Ferro, president, Aftermarket & Trailer, the
company announced the following appointments:

  oCraig Frohock is appointed general manager, North America. Frohock will be
    responsible for the planning, organization and implementation of all
    sales, business strategies and policies in North America for the
    Aftermarket and Trailer business.
  oTerry Livingston is appointed general manager, Global Product Management
    and Shared Services. Livingston will be responsible for developing and
    implementing business growth strategies for the global Aftermarket &
    Trailer business segment. Previously, Livingston was general manager,
    Aftermarket, United States and Canada.
  oMichael Boe, managing director, Aftermarket, Europe, will continue in his
    current role.

More details of the restructuring program and its associated financial impact
will be highlighted during the company's Analyst Day to be held in New York
City on Feb. 5.

About Meritor, Inc.

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 in more than 70 countries. 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 19 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.

(Logo: http://photos.prnewswire.com/prnh/20110330/DE73783LOGO )

SOURCE Meritor, Inc.

Website: http://www.meritor.com
Contact: Media Inquiries, Robert Herta, +1-248-435-1185,
robert.herta@meritor.com; or Investor Inquiries, Christy Daehnert,
+1-248-435-9426, christy.daehnert@meritor.com
 
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