29th
July 2009 - ArvinMeritor
Appoints Kevin Nowlan Vice President and Treasurer
Lehmann to Assume Expanded
Role Leading the Company's Strategic Initiatives
ArvinMeritor has announced
that Kevin Nowlan is appointed vice president and Treasurer, effective
immediately. In this role, Nowlan will assume responsibility for the
company's global capital market and treasury activities. He will report
directly to Jay Craig, senior vice president and chief financial
officer.
"Kevin brings extensive
experience and financial insight to this position," said Jay Craig,
senior vice president and CFO. "Since joining ArvinMeritor, he has made
major contributions to the company and we consider him a significant
asset."
Nowlan was previously vice
president and assistant treasurer at ArvinMeritor. He has been with the
company since 2007. Prior to joining ArvinMeritor, Kevin held a series
of senior level financial positions with the GM Treasurer's Office and
GMAC Financial Services in New York and Michigan. He holds a Master of
Business Administration in Finance, as well as a Bachelor of Arts degree
in Economics, both from the University of Michigan.
Nowlan succeeds Mary Lehmann
who served as treasurer of ArvinMeritor since 2006. Lehmann, a senior
vice president and executive officer of the company has, in the past
several years, been assigned various responsibilities in addition to the
treasurer role including leading the company's Corporate Development and
Strategy group, as well as global Information Systems. She will continue
to lead both functions, having responsibility for all merger and
acquisition activities and a global Information Systems function that is
committed to driving improved efficiency and business value. Her current
focus is to complete the company's strategic initiative to divest its
global light vehicle systems business with the objective that
ArvinMeritor can expand its business globally in the commercial vehicle
on- and off-highway segments.
In addition, Carl Anderson
is appointed assistant treasurer, replacing Kevin Nowlan. Anderson was
previously director of Capital Markets for ArvinMeritor. Prior to
joining ArvinMeritor, Anderson was senior manager of securitization for
GMAC. Anderson holds a Master of Business Administration in Finance from
Wayne State University and a Bachelor of Arts degree in Economics from
Michigan State University.
About ArvinMeritor
ArvinMeritor, Inc. is a
premier global supplier of a broad range of integrated systems, modules
and components to the motor vehicle industry. The company marks its
centennial anniversary in 2009, celebrating a long history of 'forward
thinking.' ArvinMeritor serves commercial truck, trailer and specialty
original equipment manufacturers and certain aftermarkets, and light
vehicle manufacturers. ArvinMeritor common stock is traded on the New
York Stock Exchange under the ticker symbol ARM.
Source:
ArvinMeritor Press Release