Transtar Names Timothy E. Bowes As Chief Executive Officer Former Meritor Executive Joins Leader in Driveline Solutions
CLEVELAND, Jan. 30, 2013 /PRNewswire/ -- Transtar Industries, Inc., the premier provider of world-class driveline solutions, today announced that Timothy E. Bowes will join Transtar as Chief Executive Officer. Bob Keegan, who acted as interim CEO during the search, will remain as Executive Chairman of Transtar.
"I am very pleased to have Tim join the Transtar team and lead the company in driving the next phase of our business growth," Keegan said. "Tim brings excellent leadership skills, a record of outstanding business performance and extensive automotive industry expertise to the position."
"The Board and executive team are committed to continued investment in the business," Keegan added. "We are very confident Transtar will continue to build on our core strengths and be well-positioned to take advantage of emerging opportunities under Tim's leadership."
Bowes joins from Meritor Inc. (MTOR: NYSE) where he worked the last seven years and most recently served as an Executive Officer and President of Meritor's Commercial Truck and Industrial business unit, a $3B+ business providing drivetrain and braking products to the O.E. and aftermarket for commercial vehicle, defense, and off highway markets globally. In his tenure at Meritor, Bowes also spent 3 years living in Shanghai, China running Meritor's Asia Pacific business. Prior to Meritor, Bowes spent 15 years in the automotive passenger car industry at companies including ITT Automotive, Intermet Corporation, and Wescast Industries.
With the addition of Bowes, the Board has established a strong and experienced executive team at Transtar. With this leadership team now in place, and their deep knowledge of the business and industry, coupled with the company's extensive product offerings, Transtar is well positioned for continued profitable growth.
About Transtar Industries
Transtar Industries, Inc. is the premier provider of world-class driveline solutions to the automotive aftermarket. Among its offerings are automatic and standard transmission units, kits and components, automotive specialty repair and refinishing products, and high-performance parts and accessories. Established in 1975, Transtar, its subsidiaries and affiliates provide services around the world in more than 70 locations in 80 countries.For more information, visit www.Transtar1.com.
SOURCE Transtar Industries, Inc.