ArvinMeritor Launches Search for CEO Successor

TROY, Mich., Feb. 11, 2004 -- ArvinMeritor, Inc. announced that its Board of Directors has retained an international executive search firm to identify a successor to Larry Yost, chairman and CEO. Yost will remain in his current capacity until an appropriate successor is found.

More than a year ago, Yost, who turns 66 in February, announced his plans to retire at age 65. While he has put those plans on hold temporarily, his original intention to retire upon the Board's selection of a successor remains unchanged.

"I have assured the Board that I will stay as long as they need me, remaining completely dedicated to driving the success of this company," said Yost. "I am also committed to our continued focus on serving our customers, as well as on enhancing shareowner value by consistently improving the financial performance of the company."

ArvinMeritor, Inc. is a premier $8-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. Headquartered in Troy, Mich., ArvinMeritor employs approximately 32,000 people at more than 150 manufacturing facilities in 27 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: www.arvinmeritor.com.