TROY, MI — Rakesh Sachdev has been named president of Asia Pacific for ArvinMeritor, effective immediately. Sachdev will report directly to ArvinMeritor’s Chairman, Chief Executive Officer and President, Charles "Chip" McClure.
"Rakesh has been a long-standing and integral member of ArvinMeritor’s executive management team with extensive experience in several areas including, operations, finance, strategy, and mergers and acquisitions. Rakesh has made many significant contributions to the company’s success," said McClure. "Given the challenging global environment in which we are operating, we are keenly focused on positioning the company for sustainable growth. Rakesh’s appointment is further evidence of our commitment to global expansion, especially in Asia where we see tremendous opportunities, both in the passenger car and commercial vehicle markets. His operational expertise and industry knowledge will help us rapidly advance our strategic plan and generate growth."
In his new role as president of ArvinMeritor in Asia Pacific, Sachdev will be responsible for managing existing customer relationships, forging new relationships and overseeing the company’s operations in China, India, Australia, Japan, Korea, Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam. Sachdev will focus on helping ArvinMeritor achieve its stated goals of:
— Tripling profitable sales in three to five years by adding more than $1 billion in revenues with both domestic and global OEM customers
— Increasing outsourcing from the region to more than $1 billion in purchases from existing and new suppliers, and
— Substantially expanding ArvinMeritor’s engineering and product development footprint in India and China
Sachdev most recently served as senior vice president of strategy and corporate development for ArvinMeritor. In this role, he was responsible for leading efforts to develop and implement ArvinMeritor’s global strategies and all corporate development activities. Prior to leading strategy and corporate development, Sachdev served as the interim CFO, vice president and controller, and vice president and general manager of Worldwide Braking Systems for ArvinMeritor’s Commercial Vehicle Systems (CVS) business group. Sachdev joined ArvinMeritor in 1999 as vice president and general manager for CVS’ global trailer products group, after more than 18 years of senior management experience with Cummins Engine Co.
ArvinMeritor also announced today it will increase the company’s technical capabilities in Asia by building a new technical center in China. In addition, the company plans to double the size of its technical center in India.
For more information about ArvinMeritor, go to: http://www.arvinmeritor.com.
