BRUSSELS, Belgium, June 14 /PRNewswire-FirstCall/ -- WABCO, the vehicle
control systems business of American Standard Companies Inc. (NYSE: ASD),
today announced that Mike Thompson, WABCO vice president of marketing and
strategy, will assume additional responsibility for investor relations.
WABCO is now preparing for a spinoff from American Standard and will become
an independent, publicly traded company.
Thompson will continue to report to WABCO president Jacques Esculier.
He will work closely with Bruce Fisher, vice president of strategic
planning and investor relations for American Standard, leading up to the
spinoff. Thompson will continue to be based in Brussels.
Thompson has served in his current position for more than two years.
Prior to joining WABCO, he was vice president of marketing for Honeywell
Aerospace in the U.S., where he was responsible for global marketing for
the aerospace product portfolio. He had previously served as Honeywell's
vice president of new business development and strategy for aerospace
electronic systems, and also had full profit-and-loss responsibility for
the company's aerospace information services business. Prior to joining
Honeywell in 1999, Thompson was an engagement manager with McKinsey &
Company, focusing on industrial sector strategy, marketing and operational
Thompson earned bachelors degrees in physics and mechanical engineering
from Washington and Lee University and a Ph.D. in materials science from
Northwestern University. He is also a graduate of McKinsey's executive MBA
WABCO, the vehicle control systems business of American Standard
Companies, is one of the world's leading producers of electronic braking,
stability, suspension and transmission control systems for heavy duty
commercial vehicles. WABCO products are also increasingly used in luxury
cars and sport utility vehicles (SUVs). Customers include the world's
leading commercial truck, trailer, bus and passenger car manufacturers.
Founded in the U.S. in 1869 as Westinghouse Air Brake Company, WABCO was
acquired by American Standard in 1968. Headquartered in Brussels, Belgium,
the business today employs more than 7,000 people in 34 offices and
production facilities worldwide. In 2006, WABCO contributed $2 billion to
American Standard's total sales of more than $11.2 billion. On Feb. 1,
2007, American Standard announced a plan to separate its businesses and to
spin off WABCO as an independent, publicly traded company. Web site:
American Standard is an $11.2 billion global manufacturer with market-
leading positions in three businesses: air conditioning systems and
services, sold under the Trane(R) and American Standard(R) brands for
commercial, institutional and residential buildings; bath and kitchen
products, sold under such brands as American Standard(R) and Ideal
Standard(R); and vehicle control systems, including electronic braking and
air suspension systems, sold under the WABCO(R) name to the world's leading
manufacturers of heavy-duty trucks, buses, SUVs and luxury cars. The
company employs approximately 62,000 people and has manufacturing
operations in 28 countries. American Standard is included in both the S&P
500 and the Dow Jones Sustainability North America Index, which recognizes
the top 20 percent of leaders in corporate sustainability in North America.
On Feb. 1, 2007, the company announced plans to separate its three
businesses by spinning off its vehicle control systems business, selling
its bath and kitchen business and then renaming itself Trane. The
separation is on track for completion by early fall.
Additional information is available at http://www.americanstandard.com.
SOURCE American Standard Companies Inc.