Former Kmart Exec Named New CEO at ArvinMeritor

James Donlon has been named senior vice president and CFO of ArvinMeritor, effective April 1. Donlon comes to ArvinMeritor from Kmart where he served as senior vice president and CFO. From 1998 until 2003, Donlon was senior vice president and controller for the Chrysler Group at DaimlerChrysler Corp. Donlon joined DaimlerChrysler in 1979, and held financial management and leadership positions of increasing responsibility during his 25 years there, including that of director of international planning and new venture development. He began his career in 1969 with Ford Motor Co.

TROY, MI — James Donlon has been named senior vice president and CFO of ArvinMeritor, effective April 1. Donlon comes to ArvinMeritor from Kmart where he served as senior vice president and CFO.

From 1998 until 2003, Donlon was senior vice president and controller for the Chrysler Group at DaimlerChrysler Corp. Donlon joined DaimlerChrysler in 1979, and held financial management and leadership positions of increasing responsibility during his 25 years there, including that of director of international planning and new venture development. He began his career in 1969 with Ford Motor Co.

In this new position, Donlon will drive ArvinMeritor’s financial performance, as well as provide comprehensive financial direction and guidance to the corporation.

Rakesh Sachdev, vice president and controller, who has been responsible for these duties during the search for a new CFO, will support Donlon until a new controller is named. At the same time, Sachdev will assume a new role as senior vice president of corporate strategy.

For more information about ArvinMeritor, go to: www.arvinmeritor.com.

_______________________________________

Click here to view the rest of today’s headlines.