 News
of March 21, 1999
Page 6 of 6
| Meritor Automotive Elects Terrence E. ORourke President Of
Its Light Vehicle Systems Business |
TROY, Mich., USA (ots-PRNewswire) March 15, - Meritor Automotive Inc. (NYSE: MRA) 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.
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.
|
| Gentex Names Hollars Senior Vice President - International |
Zeeland, Mich. (ots-PRNewswire) - Gentex Corporation (Nasdaq: GNTX) Chairman and Chief
Executive Officer Fred Bauer today announced the appointment of James A. Hollars to the
position of Senior Vice President - International. Gentex, based in Zeeland, Michigan, is
a leading manufacturer of automatic-dimming rearview mirrors and commercial fire
protection products.Hollars comes to Gentex with nearly 35 years of automotive
experience, beginning at Chrysler Corporation followed by 26 years with Lear Corporation,
including six years in Germany. His career at Lear included a number of senior positions.
Most recently, he was Group Vice President of the Premium Car Interiors Group, with
responsibility for all activities with Audi, BMW, DaimlerChrysler and Porsche. Hollars
graduated cum laude from Wayne State University, and received his MBA from Michigan State
University. He served for two years in the U.S. Army. Hollars and his wife, Ellen, have
two sons.
Gentex Corporation is an international company that provides high-quality products to
the worldwide automotive industry and North American fire protection market. The Company
develops, manufactures and markets proprietary electro-optic products, including interior
and exterior electrochromic, automatic-dimming Night Vision Safety(TM) (NVS(R)) automotive
rearview mirrors that dim in proportion to the amount of headlight glare from trailing
vehicle headlamps, and an extensive line of fire protection products for commercial
applications.
Gentex was the first company in the world to successfully develop and produce a
commercial electrochromic mirror for the motor vehicle industry. The Company is the
leading supplier of these mirrors to the worldwide automotive industry. Gentex customers
include Audi, Bentley, BMW, Daewoo, DaimlerChrysler, Fiat, Ford, General Motors, Gulf
States Toyota, Hyundai, Infiniti, Kia Motors, Lexus, Mitsubishi, Nissan, Opel, Porsche,
Rolls Royce, Southeast Toyota Distributors and Toyota.
Founded in 1974, Gentex operates out of three facilities in Zeeland, Michigan; an
automotive sales office in Livonia, Michigan; automotive sales and engineering
subsidiaries in Germany and Japan; and five regional U.S. sales offices for the Fire
Protection Products Group. The Company is recognized for its quality products, its
application of world class manufacturing principles, for its commitment to developing and
maintaining a highly skilled workforce, and for encouraging employee ownership of the
Company's stock. |
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