Growth strategies

Meritor appoints SVP, CFO

Meritor has announced Carl Anderson, group vice president, finance, has been appointed senior vice president and chief financial officer, and Joe Plomin has been appointed senior vice president and president, Aftermarket & Industrial and Trailer.

Anderson’s appointment follows Kevin Nowlan’s decision to resign from his role as senior vice president and president, Trailer and Components, and CFO to accept a position with another company.

Meritor also appointed Joe Plomin senior vice president and president, Aftermarket & Industrial and Trailer, and will assume expanded responsibility for the Trailer and Components businesses.

Jay Craig, CEO and president, says, “I am confident that today’s appointments will ensure a seamless transition for all of Meritor’s stakeholders. Carl has been a key member of our organization for the last 13 years and we are fortunate to have someone of his caliber step into the CFO role. Additionally, Joe’s deep knowledge of our business makes him ideally positioned to take on the additional responsibility of leading our Trailer and Components businesses. With our deep bench, leading market positions and talented employees, Meritor is strongly positioned to continue driving value for our shareholders.”

Craig adds, “Kevin’s contributions over the years have helped position Meritor as a global leader with a strong platform for growth and value creation. We wish Kevin the best in his future endeavors.”

Anderson has served as Meritor’s group vice president, finance, since March 2018. In this position, he has responsibility for treasury, investor relations, mergers and acquisitions, corporate real estate, operational finance, shared services and accounting. Anderson joined Meritor in 2006 as the director of capital markets, holding positions of increasing responsibility.

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