The board of directors of Meritor, Inc.today announced that it has named Ivor J. Evans chairman of the board, CEO and president-- effective immediately.
Evans, a member of the Meritor since 2005, has been serving as the company’s executive chairman, interim CEO and president since May 3rd.
"After conducting an extensive search process that resulted in an impressive slate of internal and external candidates, our Board is pleased to name Ike Evans as Meritor’s chairman, CEO and president," said David W. Devonshire, presiding director of the Board. "The Board is confident that Ike’s wealth of relevant operational, manufacturing and management experience, combined with the strength and continuity of the current management team, is the right formula to lead Meritor into the future.”
“I strongly believe in this company and M2016 – the three-year plan we are executing designed to improve earnings, increase revenue and strengthen our balance sheet,” said Evans.
“During the past three months,” he continued, “I’ve spent a great deal of time getting to know the leadership team here at Meritor, and I look forward to working with them as we move closer to the level of performance we want for our shareholders and for ourselves.”
Evans had previously served as president & COO of Union Pacific Railroad, from 1998 until 2004, and as vice chairman of Union Pacific Corp., 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 vp-- Industrial Components & Equipment. He also spent 21 years serving in operations roles for General Motors Corp.