Prakash Mulchandani, Senior Vice President and President, Commercial Vehicle Systems, ArvinMeritor, Inc. to Retire
2 October 2000
Prakash Mulchandani, Senior Vice President and President, Commercial Vehicle Systems, ArvinMeritor, Inc. to RetireTROY, Mich., Oct. 2 ArvinMeritor, Inc. today announced that Prakash Mulchandani, senior vice president and president, Commercial Vehicle Systems (CVS), ArvinMeritor, Inc. has announced his intention to retire after 26 years of service, effective Jan. 1, 2001. From now until his date of retirement, Prakash will work closely with his successor on several strategic issues to assure an orderly transition of leadership in CVS. Prakash has served in his current position since the merger of Arvin Industries, Inc. and Meritor Automotive, Inc. on July 7, 2000. Prior to the merger, he served as the senior vice president and president, Meritor Heavy Vehicles Systems. In this capacity, he was responsible for managing the company's global components and systems operations for heavy vehicle OEMs. Under his leadership, the company made key strategic acquisitions, including the Lucas Varity Heavy Vehicle Braking Systems and Volvo Truck axle businesses. These moves supported the company's goal of becoming the world's leading independent supplier of drivetrain components and systems to medium- and heavy-duty truck manufacturers. "We are indebted to Prakash for his many contributions and strong leadership," said Bill Hunt, vice chairman and president of ArvinMeritor. "Throughout his time with the company, Prakash has brought a wealth of knowledge and experience into managing one of the largest suppliers of axles and brake components and systems in the global heavy-duty truck and trailer industry." Prakash joined ArvinMeritor's predecessor, Rockwell, in 1974. In 1989, he was named general manager of the Trailer Products business. He was appointed vice president and general manager of Worldwide Trailer Products in 1993. The next year, he was named president of the company's former North American Truck Systems business. In 1996, Prakash assumed global responsibility as president of Worldwide Truck and Trailer products. Before joining Rockwell, Prakash held engineering and financial positions at Dow Chemical Co. and Owens Corning Fiberglass Corporation. Commenting on Mulchandani's departure, Hunt said, "Prakash leaves a significant legacy. Under his capable leadership, our Commercial Vehicle Systems business has earned a reputation for the highest standards in technical innovation, customer-focused service and quality products. He will be missed." A successor for Mulchandani will be named shortly. ArvinMeritor, Inc. is a premier $7.5-billion global transportation industry supplier of a broad range of integrated systems, modules and components serving light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. In addition, the company 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 36,500 people at more than 120 facilities in 25 countries. ArvinMeritor 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 .