ArvinMeritor Appoints Carl Soderstrom Chief Financial Officer
ArvinMeritor Appoints Carl Soderstrom Chief Financial Officer
ARVINMERITOR LOGO
ArvinMeritor logo. (PRNewsFoto)[AG] TROY, MI USA 05/24/2001 |
TROY, Mich., July 10 ArvinMeritor, Inc. today announced that Carl Soderstrom has been appointed chief financial officer, effective July 21, 2001. Soderstrom replaces Tom Madden, who has accepted a position outside of the automotive industry. Before his appointment, Soderstrom served as ArvinMeritor's senior vice president, Engineering, Quality and Procurement. (Photo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO ) "With more than 15 years in leadership with the organization and outstanding academic credentials, Carl is uniquely qualified to lead the Finance team in support of ArvinMeritor's financial goals," said Larry Yost, ArvinMeritor's chairman and CEO. "He brings energetic enthusiasm and a depth of strategic business understanding to the position that will ensure our continued financial strength, as we drive toward our vision to be the number one supplier to the automotive industry. I am confident that Carl will add value to the Finance team and will tackle the challenge with skill and determination. We will miss Tom," he added, "and deeply appreciate the key role he played in the Meritor spin-off, as well as his insightful contribution to the ArvinMeritor merger." Soderstrom joined the company in 1986 as the director of Material Sourcing for ArvinMeritor's predecessor Rockwell Automation. He went on to direct Product Development, Manufacturing and Engineering for that company. Before assuming the role of Meritor's senior vice president, Engineering, Quality and Procurement in 1998, Soderstrom was vice president, Engineering and Quality, for Meritor's Heavy Vehicle Systems business. Prior to joining the ArvinMeritor organization, he held management positions with General Electric and Emerson Electric. Soderstrom holds a bachelor's degree in mechanical engineering and a bachelor's degree in economics from Duke University, as well as a master's of business administration in finance and accounting from the University of Michigan. He is active in a number of professional organizations, including the Society of Automotive Engineers, the Manufacturers Alliance/MAPI Purchasing Council, and ESD. Soderstrom is also a member of the Oakland University School of Engineering and Computer Science Advisory Board, the University of Michigan-Dearborn School of Engineering Visiting Committee and the Wayne State University College of Engineering Advisory Board. ArvinMeritor, Inc. is a premier $7-billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. In addition, ArvinMeritor is a leader in coil coating applications, including those for the transportation, appliance, construction and furniture industries. The company is headquartered in Troy, Mich., and employs 36,000 people at more than 150 manufacturing facilities in 26 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: http://www.arvinmeritor.com