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Meritor Announces Ivor J. Evans, Executive Chairman and Interim CEO

| May 5, 2013

MeritorThe Board of Directors of Meritor, Inc. (NYSE: MTOR) has announced that it has named Ivor J. Evans Executive Chairman of the Board and Interim Chief Executive Officer and President, succeeding Charles G. McClure, Jr. who is departing from the company.

Evans, who has been a member of the Board of Directors since 2005.

Ike Evans

Ike Evans

“Ike Evans has extensive operational and manufacturing experience,” said David W. Devonshire, Presiding Director of the Board.  “From his years as a chief operating officer and senior executive, in addition to his Board experience, he is well suited to serve as Meritor’s Chairman and interim CEO.”  The search for the next CEO and President is underway and will include internal as well as external candidates.

Evans served as President and Chief Operating Officer of Union Pacific Railroad from 1998 until 2004 and as Vice Chairman of Union Pacific Corporation from January 2004 until his retirement in March 2005. From 1989 to 1998, he served in various executive positions at Emerson Electric Company, including Senior Vice President, Industrial Components and Equipment. He also spent 21 years serving in key operations roles for General Motors Corporation.

The Board of Directors of Meritor also announced that William J. Lyons has been elected to the Board of Directors as a Class II director with a term expiring at the 2014 annual meeting of stockholders.

About Meritor

Meritor logoMeritor, 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. More information at: Meritor.

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Category: Breaks, Suspensions & Chassis, General Update, Management

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