ArvinMeritor Institutes Search for New CFO

Soderstrom Elects Early Retirement

TROY, Mich., Sept. 8 -- ArvinMeritor, Inc. announced today that, by mutual agreement, Carl Soderstrom has elected to take early retirement from his position as senior vice president and chief financial officer (CFO), and will leave the company at the end of the year. Soderstrom will work in his current capacity with Chairman, CEO and President Charles G. "Chip" McClure until a replacement is found and will assist in the orderly transition to his successor. The company has retained Heidrick & Struggles to initiate the search for a new CFO.

(Logo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )

"We appreciate Carl's contributions to the company and wish him well," said McClure. "In the short time we have worked together, I have found him helpful, diligent and astute. We are delighted that Carl has agreed to remain on board through the end of the year."

"I will be working with Chip to support his efforts to drive the financial performance of the company until a new CFO is named," said Soderstrom. "At that time, I will do whatever is needed to ensure that the transition to a new financial leader is seamless."

Soderstrom joined the company in 1986 as director of Material Sourcing for Allen-Bradley, and held a number of management positions with Rockwell's Allen-Bradley Automation business. After the Meritor spinoff in 1997 from Rockwell, Soderstrom served as vice president of Engineering and Quality for Meritor's commercial vehicle business. Before being named CFO in July 2001, he was ArvinMeritor's senior vice president of Engineering, Quality and Procurement.

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: http://www.arvinmeritor.com/.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO
PRN Photo Desk, photodesk@prnewswire.com

Company News On-Call: http://www.prnewswire.com/comp/762401.html