WABCO Further Globalizes Senior Management Team; Appoints Vice President, Americas, to Newly Created Executive Position
Nikhil Varty, who joined WABCO in 2001, is promoted to Vice President, Americas, effective today. He is also now responsible for Mergers & Acquisitions globally. Previously, Varty was Vice President of WABCO's Compression and Braking global business unit. He will be based in Rochester Hills, Michigan, at WABCO North America, the company's newly created regional headquarters for North and South America.
Michael Thompson, who joined WABCO in 2005, assumes the increased responsibility of Vice President, Compression and Braking, effective today. Previously, Thompson was Vice President of WABCO's Car Systems global business unit. He will continue to lead the Car Systems business which is now integrated into the Compression and Braking business unit.
"This new executive role further demonstrates WABCO's commitment to the commercial vehicle industry in North and South America with our well anchored capabilities in vehicle safety and efficiency," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "WABCO technology breakthroughs and innovations are increasingly being adopted by manufacturers of trucks, buses, trailers and engines."
"Nik Varty's business leadership, deep regional knowledge and passion for customer satisfaction will create outstanding opportunities to further connect with our growing and increasingly diverse base of original equipment manufacturers in North and South America," said Esculier. "Mike Thompson's proven leadership will continue to strengthen WABCO's globally leading position in air management and braking technologies that help customers in every region to make safer, cleaner, greener commercial vehicles."
WABCO operates in North America through wholly owned subsidiaries WABCO North America and WABCO Reman Solutions; WABCO Compressor Manufacturing, its joint venture with Cummins Engine Company; and its Meritor WABCO joint venture.
WABCO operates in South America through WABCO Brazil which was established more than 30 years ago. WABCO's factory located in Campinas, Brazil, is part of the company's global manufacturing network of 18 factories on 4 continents.
Founded in the United States in 1869 as Westinghouse Air Brake Company, WABCO is a U.S. public company listed on the New York Stock Exchange.
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 $2.8 billion in 2011, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com