National Press Release
 | WABCO Announces Transition of Chairman of the Board
Published 2009-03-24 07:00
By WABCO Holdings Inc. |
CEO Esculier Assumes Additional Role as Chairman
BRUSSELS, March 24 /PRNewswire-FirstCall/ -- WABCO Holdings Inc. (NYSE:
WBC), a global technology leader and tier-one supplier to the commercial
vehicle industry, announced today that Jacques Esculier, the company's Chief
Executive Officer, will assume the additional role of Chairman of the Board,
effective immediately after WABCO's 2009 Annual Shareholders Meeting on May
28, 2009. Mr. Esculier has been leading WABCO since January 2004.
James Hardymon, the company's Non-Executive Chairman of the Board, will
be appointed to the position of Lead Director, effective on the same date,
subject to his re-election for a new term at WABCO's 2009 Annual Shareholders
Meeting. Mr. Hardymon will preside at all meetings of the company's
non-management directors and assume other responsibilities to further ensure
that non-management directors can perform their duties.
"Jacques Esculier strongly contributes to WABCO's leadership position in
the commercial vehicle industry and he is passionate about continuing the
company's long track record of outstanding results," said James Hardymon,
WABCO Non-Executive Chairman of the Board. "At this stage in the company's
growth, I can better serve WABCO through my new role as Lead Director,
assisting Jacques as well as every other Board member."
About WABCO
WABCO Vehicle Control Systems (NYSE: WBC) is a leading supplier of safety
and control systems for 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 $2.6 billion in 2008, WABCO is headquartered in Brussels, Belgium. For
more information, visit http://www.wabco-auto.com
Media, investors and financial analysts contact
Mike Thompson, +32-2-663-9854, mike.thompson@wabco-auto.com
Jason Campbell, +1-732-369-7477, jason.campbell@wabco-auto.com
SOURCE WABCO Holdings Inc.
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