Evans No Longer “Interim” CEO At Meritor
After a nearly three-month executive search, the board of directors at Meritor, Inc. ended up where they started in May, naming Ivor J. Evans chairman of the board, chief executive officer and president, effective immediately. Evans, a company director since 2005, had been serving as the company’s executive chairman, interim CEO and president since early May, when he succeeded Charles G. “Chip” McClure, Jr., who left the company after leading it since 2004.
After an extensive search process that resulted in what Presiding Director David W. Devonshire called “an impressive slate of internal and external candidates,” the board selected Evans because his “wealth of relevant operational, manufacturing and management experience, combined with the strength and continuity of the current management team, is the right formula to lead Meritor into the future,” Devonshire said.
Evans previously served as president and chief operating officer of Union Pacific Railroad from 1998 until 2004 and as vice chairman of Union Pacific Corp. from January 2004 until his retirement in March 2005. From 1989 to 1998, he served in various executive positions at Emerson Electric Co., including senior vice president, Industrial Components and Equipment. He also spent 21 years serving in key operations roles for General Motors Corp.
Meritor is a global supplier of drivetrain, mobility, braking and aftermarket product and systems for commercial vehicle and industrial markets.