Jun 29, 2015, 04:58 ET
TROY, Mich., June 29, 2015 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR), regretfully announces the passing of David Devonshire who died on June 25 at the age of 70. Devonshire served on Meritor's board of directors since 2004 and was the presiding director from 2013 to 2015. He was the chair of the Audit Committee and a member of the Compensation and Management Development Committee. Devonshire resigned in May 2015 due to health reasons.
"David was a respected Meritor board member for more than a decade," said Ike Evans, executive chairman, Meritor. "He offered excellent counsel and strategic direction to the company during his tenure. Our condolences go out to David's family during this difficult time."
Devonshire served as Executive Vice President and Chief Financial Officer at Motorola until his retirement in 2007. Prior to that, he held executive positions with Ingersoll-Rand Company, Owens Corning, Inc., Honeywell and others spanning a 40-year career in finance and accounting.
Meritor will make a contribution to The Kellogg School of Management at Northwestern University in Devonshire's name.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of more than 9,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 18 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at meritor.com.
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SOURCE Meritor, Inc.
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