This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Meritor Announces Executive Appointments Associated With Restructuring Action

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:
  • Commercial Truck & Industrial
  • Aftermarket & 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:
  • Joe 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.
  • Chris Snodgrass , vice president, North America, is responsible for the company's brake, axle and specialty business in the region.
  • Geoff 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.
  • Thimmaiah 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.
  • Silvio Barros , managing director, South America, will assume an expanded role to include responsibility for the Aftermarket business in the region.
  • Tim Burns , vice president, Global Defense and Off-Highway, will continue in his current role.

Additional appointments in the Commercial Truck & Industrial segment are:
  • Brett 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.
  • Steve 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:
  • Craig 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.
  • Terry 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.
  • Michael 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

(Logo: )

SOURCE Meritor, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.86 -9.25 -0.44%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs