Aftermarket auto parts maker Meritor (MTOR) on Wednesday announced that its Finance group VP Carl Anderson was appointed as the chief financial officer and a senior vice president, effective immediately.
Anderson enters the role as CFO Kevin Nowlan, who was also an SVP and the Trailer and Components president, resigned from the company.
Along with Anderson’s appointment, Joe Plomin was named a senior vice president and the president of Meritor’s Aftermarket & Industrial and Trailer group. He would also assume the added responsibility for the Trailer and Components businesses.
Meritor CEO Jay Craig expressed his confidence in the new appointments, and said that there would be a seamless transition for all its stakeholders.
“Carl has been a key member of our organization for the last 13 years and we are fortunate to have someone of his caliber step into the CFO role,” said the CEO.
“Joe’s deep knowledge of our business makes him ideally positioned to take on the additional responsibility of leading our Trailer and Components businesses. With our deep bench, leading market positions and talented employees, Meritor is strongly positioned to continue driving value for our shareholders,” he added.