WABCO Appoints John F. Fiedler and Donald J. Stebbins to Board of Directors
September 05 2007 - 8:59AM
PR Newswire (US)
BRUSSELS, Belgium, Sept. 5 /PRNewswire-FirstCall/ -- WABCO Holdings
Inc. (NYSE:WBC), a leading global provider of electronic braking,
stability, suspension and transmission control systems for
commercial vehicles, today announced the appointment of John F.
Fiedler, retired chairman of BorgWarner, Inc. and Donald J.
Stebbins, president and chief operating officer of Visteon
Corporation, to the WABCO board of directors. WABCO is a $2 billion
vehicle control systems company that formerly was part of American
Standard Companies Inc. (NYSE:ASD). Founded in 1869 as Westinghouse
Air Brake Company, it was acquired in 1968 by American Standard,
which spun it off as an independent, publicly traded company on
August 1 of this year. Fiedler, 69, and Stebbins, 49, join six
previously announced members of the WABCO board: James Hardymon,
former chairman and chief executive officer of Textron, who is the
WABCO board's non-executive chairman; Jacques Esculier, WABCO's
chief executive officer; G. Peter D'Aloia, chief financial officer
of American Standard; Juergen W. Gromer, president of Tyco
Electronics; Kenneth J. Martin, retired chief financial officer and
vice chairman of Wyeth (formerly American Home Products); and
Michael T. Smith, retired chairman and chief executive officer of
Hughes Electronics Corporation. Fiedler served as chairman of the
board of directors and chief executive officer of BorgWarner from
1995 to 2003. Prior to that he was the company's president and
chief operating officer. Before joining BorgWarner in 1994, he was
an executive vice president with The Goodyear Tire & Rubber
Company, culminating a 29-year career with the company by leading
its North American tire division. A 1960 graduate of Kent State
University, he was a Sloan Fellow at the Massachusetts Institute of
Technology earning his master's degree in business there in 1979.
Fiedler is a member of the board of directors of Mohawk Industries,
Snap- On Corporation and AirTran Airways. He is also a member of
the Kent State Foundation Commission, an advisor to the Board of
Trustees of the Manufacturers Alliance/MAPI and a member of the
Board of Advisors of Prism Funds. Stebbins assumed his current
position with Visteon in 2005. He joined Visteon from the Lear
Corporation where he spent 13 years in a number of executive
positions, the most recent of which was president and chief
operating officer for the corporation's Europe, Asia and Africa
region. Before assuming this position, Stebbins served as president
and chief operating officer for the Americas. He started his career
at Lear as vice president and treasurer in 1992 and was appointed
senior vice president and chief financial officer in 1997. A
graduate of Miami University, Stebbins earned his master's degree
in business at the University of Michigan. He is a member of the
board of directors of Visteon. About WABCO WABCO is one of the
world's leading providers of electronic braking, stability,
suspension and transmission control systems for heavy duty
commercial vehicles. Customers include the world's leading
commercial truck, trailer and bus manufacturers. Founded in the
U.S. in 1869 as Westinghouse Air Brake Company, WABCO was acquired
by American Standard in 1968 and spun off in 2007. Headquartered in
Brussels, Belgium, WABCO employs more than 7,000 people in 34
offices and production facilities worldwide. In 2006, WABCO's total
sales were $2 billion. WABCO is a publicly traded company and is
listed on the New York Stock Exchange under the stock symbol WBC.
Web site: http://www.wabco-auto.com/. For more information,
reporters may contact: Margie Pazikas, +32 (2) 663 9801, . or Fred
Spar, +1 212 521 4813, For more information, investors and
financial analysts may contact: Mike Thompson, +32 (2) 663 9854, .
DATASOURCE: WABCO Holdings Inc. CONTACT: Media, Margie Pazikas of
WABCO, +32(2)663-9801, , or Fred Spar for WABCO, +1-212-521-4813, ;
or Investors and financial analysts, Mike Thompson of Mike
Thompson, +32(2)663-9854, , +32(2)663-9854, Web site:
http://www.wabco-auto.com/
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