Meritor Automotive Elects T. E. O'Rourke, President Light Vehicle Systems Business
16 March 1999
Meritor Automotive Elects Terrence E. O'Rourke President Of Its Light Vehicle Systems BusinessTROY, Mich., March 15 -- Meritor Automotive Inc. today announced that its board of directors has elected Terrence E. O'Rourke as President of its Light Vehicle Systems (LVS) business and a Senior Vice President of the Company. O'Rourke assumes the position from Larry D. Yost, Meritor Chairman and Chief Executive Officer, who has been serving as acting President of LVS since January 1998. O'Rourke joins Meritor from Lear Corporation where he was a Group Vice President and President of its Ford Division. O'Rourke will lead all aspects of the global LVS business, including the development and implementation of strategic actions designed to sharpen its focus in support of Meritor's overall financial goals. Recording sales of approximately $1.5 billion in 1998, LVS is a major global supplier of automotive modules, systems and components for passenger cars, light trucks and sport utility vehicles. LVS employs more than 8,000 people in manufacturing sites, sales, technical and administrative offices and joint venture operations in 16 countries. "Terrence O'Rourke's election marks a substantial addition to the Meritor senior leadership team," said Yost. "With his extensive experience in the automotive industry, combined with his customer focus, supply chain and production management skills, Terry is ideally suited to lead our LVS business into the 21st century. I am confident that he will make valuable contributions that will better position Meritor to serve its global customers and maximize the full potential of the LVS business," Yost added. O'Rourke has 26 years of experience in automotive management and manufacturing at Lear Corporation and at Ford Motor Company. He most recently served as Group Vice President and President of Lear's Ford Division. Prior to that, he was President of Lear's Chrysler Division. O'Rourke began his automotive career at Ford Motor Company, where he spent 21 years serving in a variety of management capacities. O'Rourke is a graduate of the University of Michigan. Meritor, with 1998 sales of more than $3.8 billion, is a global supplier of a broad range of components and systems for commercial, specialty and light vehicle OEMs and the aftermarket. Meritor consists of two businesses: Heavy Vehicle Systems, a leading supplier of drivetrain systems and components for medium- and heavy-duty trucks, trailers and off-highway equipment and specialty vehicles, including military, bus and coach, and fire and rescue; and Light Vehicle Systems, a major supplier of roof, door, access control, suspension and seating adjustment systems and wheels for passenger cars, light trucks and sport utility vehicles.