Meritor has revised its reporting structure to create more efficiencies across the organization, it said. The company will now report future results under two segments: Commercial Truck and Industrial, and Aftermarket & Trailer.
Executive changes are also being made in conjunction with the announcement.
Pedro Ferro is the new vice president and president of the company’s Aftermarket & Trailer segment. He is responsible for managing all aspects of the company’s Aftermarket & Trailer business which supplies axles, brakes, suspension parts and other replacement and remanufactured products to commercial vehicle aftermarket customers in the U.S., Canada, Mexico, Europe, South America and Asia Pacific.
Through this segment, the company also supplies a wide variety of undercarriage products and systems for trailer applications.
Ferro will also assume responsibility for the company’s Corporate Strategy group, Meritor said, reporting directly to Chip McClure, chairman, CEO & president.
Most recently, Ferro was located in Shanghai, China, serving as vice president and president of the company’s Industrial segment.
Joe Mejaly, formerly vice president and president, Aftermarket & Trailer, has elected to leave the company.
“During his 27 years with the company, Joe led the growth and expansion of the Aftermarket business in North America and around the world,” said McClure. “His contributions are largely responsible for the world class aftermarket distribution network we have today. We thank him for his service and wish him success in his future.”
Tim Bowes, formerly responsible for the company’s Commercial Truck segment is the new vice president and president of the Commercial Truck and Industrial segment. Bowes has led the Commercial Truck business since July 2011 after spending three years in China overseeing the Industrial group.
According to Meritor, Bowes has led significant improvements in optimizing the capacity model for the global Truck group, realigning pricing with the company’s value proposition, rationalizing the company’s footprint in Europe and managing Meritor’s investment in technology and product development for commercial trucks.
Bowes’ responsibilities continue to include oversight of the company’s drivetrain systems and components, including axles, drivelines, braking and suspension systems, primarily for medium and heavy duty trucks in North America, South America and Europe, and now include the company’s Industrial segment that supplies drivetrain systems including axles, brakes, drivelines and suspensions for off-highway, military, construction, bus and coach, fire and emergency, and other industrial applications.
This segment also includes the company’s business in Asia Pacific. Bowes will continue to report to McClure.