Meritor appoints Jay Craig as COO Meritor announced the appointment of Jay Craig as president and COO, effective June 9. Craig will continue to report directly to Ike Evans, chairman and CEO. Previously, Craig was senior vice president and president of Meritor's Commercial Truck & Industrial segment. He served as senior vice president and CFO at Meritor from 2009 to 2013 and has held various positions at the company since 2006.
Meritor reports Q1 adjusted EPS 33c, consensus 37c Reports Q1 revenue $809M, consensus $845.94M. The decrease in sales was driven by the effect of foreign exchange translation in Europe and Brazil and weak economic conditions in South America.