Meritor, Inc. today announced the appointment of Chris Villavarayan as executive vice president and chief operating officer (COO), effective immediately. Villavarayan, 49, has served as senior vice president and president of Meritor's Global Truck segment since January 2018.
In this new position, Villavarayan will have global operating responsibility for both of Meritor's business segments, Global Truck and Aftermarket & Industrial and Trailer, and will continue to report directly to Jay Craig, Meritor's CEO and president.
"Chris has a diverse background with the company over a 20-year career, during which time he has demonstrated a proven track record of leading the business to meet and exceed established objectives in all areas," said Jay Craig, CEO and president of Meritor. "Chris has the right qualities and skills to step into the COO role as we embark on our M2022 plan, from relevant experience across our business, to his understanding of the industry landscape and a proven track record of high performance."
"I am excited about my new role as COO and look forward to helping advance our efforts to becoming the premier technology-driven commercial vehicle company while we continue to exceed customer expectations," said Chris Villavarayan, executive vice president and chief operating officer. "This is an important time in the company's history as we build on the success of M2016 and M2019 by leveraging our team's expertise, operational excellence and consistent performance. I look forward to continue working with Jay and the entire leadership team as we build on Meritor's growth strategy."
Before being appointed senior vice president and president of Meritor's Global Truck segment, Villavarayan served as president of Truck Americas, responsible for Meritor's Commercial Truck, Defense and Specialty businesses in North and South America. He also had responsibility for Meritor's Global Components Engineering, Product Validation and Materials Engineering, as well as Engineering and Program Management. Also at Meritor, he served as vice president of Global Manufacturing and Supply Chain Management and managing director for Meritor's operations in India, leading Meritor Heavy Vehicle Systems (India) Ltd.
FTR reported that preliminary North American Class 8 net orders in October totaled 28,300 units, marking a 14% month-over-month (m/m) decline but a 2% year-over-year (y/y) increase.
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