According to Meritor, Pedro Ferro has been named vice president and president of the company’s Aftermarket and Trailer segment, replacing Joe Mejaly, who has elected to leave the company.
“During his 27 years with the company, Joe led the growth and expansion of the Aftermarket business in North America and around the world,” says Chip McClure, Meritor chairman, president and CEO. “His contributions are largely responsible for the world class aftermarket distribution network we have today. We thank him for his service and wish him success in his future.”
In this new role, Meritor says Ferro is responsible for managing all aspects of the company’s Aftermarket and Trailer business, which supplies axles, brakes, suspension parts and other replacement and remanufactured products to commercial vehicle aftermarket customers in the United States, Canada, Mexico, Europe, South America and Asia Pacific. He also will assume responsibility for the company’s Corporate Strategy group, Meritor says.
Meritor also announces Tim Bowes, formerly responsible for the company’s Commercial Truck segment, has been appointed vice president and president of the company’s new Commercial Truck and Industrial segment. Bowes has led the Commercial Truck business since July 2011 after spending three years in China overseeing the Industrial group.
Meritor says Bowes’ responsibilities will include oversight of the company’s drivetrain systems and components, including axles, drivelines, braking and suspension systems, primarily for medium- and heavy-duty trucks in North America, South America and Europe, and now include the company’s Industrial segment that supplies drivetrain systems including axles, brakes, drivelines and suspensions for off-highway, military, construction, bus and coach, fire and emergency and other industrial application.
Going forward, the company also says it will report future results under two segments: Commercial Truck and Industrial, and Aftermarket and Trailer.
“This is part of our ongoing transformation. We are working to improve our profitability and improve our business worldwide,” says Robert Herta, Meritor director of corporate communications and media relations.
