Last $12.71 USD
Change Today -0.03 / -0.24%
Volume 1.2M
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

meritor inc (MTOR) Snapshot

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52 Week High
06/6/14 - $15.14
52 Week Low
11/13/13 - $6.09
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meritor inc (MTOR) Details

Meritor, Inc. designs, develops, manufactures, sells, markets, distributes, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates in two segments: Commercial Truck and Industrial, and Aftermarket and Trailer. The Commercial Truck and Industrial segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems, primarily for medium and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency, and other applications. The Aftermarket and Trailer segment supplies axles, brakes, drivelines, suspension parts, and other replacement and remanufactured parts, including transmissions to commercial vehicle and industrial aftermarket customers. This system also offers various undercarriage products and systems for trailer applications. The company sells its products under Meritor, Meritor Wabco, Euclid, Trucktechnic, Mascot Truck Parts, and Meritor AllFit brand names primarily to OEMs and its parts marketing operations, dealers, and other independent distributors, as well as service garages in the aftermarket industry. It operates in North America, South America, Europe, and the Asia Pacific. The company was formerly known as ArvinMeritor, Inc. and changed its name to Meritor, Inc. in March 2011. Meritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.

8,900 Employees
Last Reported Date: 11/20/13
Founded in 1921

meritor inc (MTOR) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $517.7K
President and Chief Operating Officer
Total Annual Compensation: $541.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $375.9K
Compensation as of Fiscal Year 2013.

meritor inc (MTOR) Key Developments

Meritor Appoints Mark Evans as Senior Director, Field Sales, Aftermarket, North America

Mark Evans has been named senior director, field sales, aftermarket, North America for Meritor. Evans is responsible for the strategic management and growth of service parts sales and training as well as ensuring customer satisfaction across key distribution channels - independent warehouse distributors, OEM dealers and fleets in the United States, Canada and Mexico. Most recently, Evans was a senior sales executive for Milacron LLC, Cincinnati.

Meritor, Inc. Appoints Jay Craig as President and Chief Operating Officer, Effective June 9, 2014

Meritor, Inc. announced the appointment of Jay Craig as president and chief operating officer, effective June 9, 2014. Craig will continue to report directly to Ike Evans, chairman and CEO. Previously, Craig was senior vice president and president of Meritor's Commercial Truck & Industrial segment. He served as senior vice president and chief financial officer at Meritor from 2009 to 2013 and has held various positions at the company since 2006. Before joining Meritor, he was president and CEO of General Motors Acceptance Corp.'s (GMAC) Commercial Finance organization from 2001 to 2006, and president and CEO of GMAC's Business Credit division until 2001.

Meritor and Brakes India, Ltd. Sign Expanded Brake Agreement

Meritor, Inc. and Brakes India Ltd. announced the signing of a Licensing and Technology Assistance Agreement for the manufacture and sale of Meritor ELSA air disc brakes in India. The agreement, which expands on an existing licensing agreement for B-frame hydraulic disc brakes, air drum and air disc brakes, builds on the long-term, successful cooperation between both companies in the Indian market. More than 5 million Meritor ELSA brakes have been sold globally, demonstrating the markets' confidence in this technology. In India, ELSA 225H air disc brakes have been operating on major fleets for several years and have gained acceptance as a cost-effective and reliable safety improvement, particularly for buses and coaches.


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Price/Sales 0.3x
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