TROY, Mich., Feb. 1, 2021
TROY, Mich., Feb. 1, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) (the "Company" or "Meritor") today announced executive appointments, which are effective March 1, 2021.
These appointments align with the previously announced leadership transition in which Jay Craig, chief executive officer and president, will transition to the role of executive chairman of the Board of Directors on Feb. 28, 2021, and Chris Villavarayan, executive vice president and chief operating officer, will succeed Mr. Craig as chief executive officer and president, and a director on the company's board.
"With this talented and experienced leadership team and the vast opportunities we see in our future, I look forward to this next chapter in Meritor's story," said Villavarayan. "I have worked closely with all of these leaders for many years and believe we have the most talented and capable team in the industry."
The company also announced that Tim Heffron, senior vice president of Human Resources and chief information officer, will be leaving the company at the end of February.
"We appreciate Tim's 12 years of service to Meritor, during which time he successfully led the IS team through several complex integrations, greatly improved cost efficiencies and played an important role in enhancing Meritor's culture, resulting in notably high levels of employee engagement and business success," said Jay Craig, CEO and president. "Tim has been an important partner to me and the entire management team, and we wish him all the best."
As part of this transition, Ryan Olivier has been appointed to the position of vice president and chief information officer, and will report to Carl Anderson, senior vice president and chief financial officer. He will have overall responsibility for the strategy, development and deployment of company technology and infrastructure that support business objectives. Olivier began his career with Meritor in 2001 and has held various roles with increasing responsibilities in Purchasing, Supply Chain and Information Systems. Most recently, he served as vice president of Global IS Business Solutions and Service Delivery. He has a bachelor's degree from Michigan State University and a Master of Business Administration degree from Oakland University in Rochester Hills, Michigan.
Darrell Whitney has been appointed vice president and chief human resources officer and will report directly to Villavarayan. He will have overall responsibility for managing human resource strategies to support business objectives, compensation and benefits, training and development, recruitment and staffing, and diversity and inclusion. Whitney joined Meritor in 2008 as director of Procurement where he spent the next eight years. In 2016, he joined HR where he held positions of increasing responsibility. Whitney has a bachelor's degree from Oakland University and a Master of Business Administration from University of Detroit Mercy.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. With more than a 110-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 8,600 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at www.meritor.com.
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SOURCE Meritor, Inc.
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