PresseBox
Press release BoxID: 457765 (WABCO Fahrzeugsysteme GmbH)
  • WABCO Fahrzeugsysteme GmbH
  • Am Lindener Hafen 21
  • 30453 Hannover
  • http://www.wabco-auto.com
  • Contact person
  • Tobias Müller
  • +49 (69) 719168-34

WABCO Appoints Mary Petrovich to Board of Directors, Further Diversifying Board's Experience

(PresseBox) (BRUSSELS, Belgium, ) WABCO Holdings Inc. (NYSE: WBC), a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that on October 18, 2011 its board of directors increased the size of the board to nine members and appointed Mary L. Petrovich to fill the new position. Ms Petrovich's appointment is effective as of November 1, 2011, and she will serve on the board's Audit Committee.

Ms Petrovich is former Chairman and Chief Executive Officer of AxleTech International, a leading global supplier of off-highway and specialty vehicle drivetrain technology, which is a General Dynamics company (NYSE: GD). Presently, Ms Petrovich is a director at three companies: Woodward (NASDAQ: WWD), a leading manufacturer and service provider of energy controls for global infrastructure equipment; GT Advanced Technologies (NASDAQ: GTAT), a global provider of technology and materials for the solar, LED and other specialty markets; and Modine Manufacturing Company (NYSE: MOD), a global provider of thermal management technology and systems.

"This appointment will further diversify our board's global experience as we continue to pursue our three-pillar strategy of technology leadership, globalization and excellence in execution," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "Mary Petrovich has broad understanding of our industry and extensive experience with commercial vehicle technologies as we continue to globalize our passion for innovation."

Forward-Looking Statements

This document contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995 that are based on management's good faith expectations and beliefs concerning future developments. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "strategies," "prospects," "intends," "projects," "estimates," "plans," "may increase," "may fluctuate," and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward looking in nature and not historical facts. Actual results may differ materially from these expectations as a result of many factors. These factors include, but are not limited to, the actual level of commercial vehicle production in our end markets, adverse developments in the business of our key customers, pricing changes to our supplies or products, and the other risks and uncertainties described in the "Risk Factors" section and the "Information Concerning Forward Looking Statements" section of WABCO's Form 10-K, as well as in the "Management's Discussion and Analysis of Financial Condition and Results of Operations - Information Concerning Forward Looking Statements" section of WABCO's Form 10-Q Quarterly Reports. WABCO does not undertake any obligation to update such forward-looking statements. All market and industry data are based on company estimates.

WABCO Fahrzeugsysteme GmbH

WABCO (NYSE: WBC) is a leading global supplier of technologies and control systems for the safety and efficiency of commercial vehicles. For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the world's leading commercial truck, trailer and bus manufacturers. With sales of $2.2 billion in 2010, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com

For more press information, photos and videos, visit the Media Center on the WABCO website.