WABCO Names Mike Thompson Vice President of Strategy and Investor Relations
14 Juin 2007 - 3:00PM
PR Newswire (US)
BRUSSELS, Belgium, June 14 /PRNewswire-FirstCall/ -- WABCO, the
vehicle control systems business of American Standard Companies
Inc. (NYSE:ASD), today announced that Mike Thompson, WABCO vice
president of marketing and strategy, will assume additional
responsibility for investor relations. WABCO is now preparing for a
spinoff from American Standard and will become an independent,
publicly traded company. Thompson will continue to report to WABCO
president Jacques Esculier. He will work closely with Bruce Fisher,
vice president of strategic planning and investor relations for
American Standard, leading up to the spinoff. Thompson will
continue to be based in Brussels. Thompson has served in his
current position for more than two years. Prior to joining WABCO,
he was vice president of marketing for Honeywell Aerospace in the
U.S., where he was responsible for global marketing for the
aerospace product portfolio. He had previously served as
Honeywell's vice president of new business development and strategy
for aerospace electronic systems, and also had full profit-and-loss
responsibility for the company's aerospace information services
business. Prior to joining Honeywell in 1999, Thompson was an
engagement manager with McKinsey & Company, focusing on
industrial sector strategy, marketing and operational
effectiveness. Thompson earned bachelors degrees in physics and
mechanical engineering from Washington and Lee University and a
Ph.D. in materials science from Northwestern University. He is also
a graduate of McKinsey's executive MBA program. Editors' Notes
WABCO, the vehicle control systems business of American Standard
Companies, is one of the world's leading producers of electronic
braking, stability, suspension and transmission control systems for
heavy duty commercial vehicles. WABCO products are also
increasingly used in luxury cars and sport utility vehicles (SUVs).
Customers include the world's leading commercial truck, trailer,
bus and passenger car manufacturers. Founded in the U.S. in 1869 as
Westinghouse Air Brake Company, WABCO was acquired by American
Standard in 1968. Headquartered in Brussels, Belgium, the business
today employs more than 7,000 people in 34 offices and production
facilities worldwide. In 2006, WABCO contributed $2 billion to
American Standard's total sales of more than $11.2 billion. On Feb.
1, 2007, American Standard announced a plan to separate its
businesses and to spin off WABCO as an independent, publicly traded
company. Web site: http://www.wabco-auto.com/ American Standard is
an $11.2 billion global manufacturer with market- leading positions
in three businesses: air conditioning systems and services, sold
under the Trane(R) and American Standard(R) brands for commercial,
institutional and residential buildings; bath and kitchen products,
sold under such brands as American Standard(R) and Ideal
Standard(R); and vehicle control systems, including electronic
braking and air suspension systems, sold under the WABCO(R) name to
the world's leading manufacturers of heavy-duty trucks, buses, SUVs
and luxury cars. The company employs approximately 62,000 people
and has manufacturing operations in 28 countries. American Standard
is included in both the S&P 500 and the Dow Jones
Sustainability North America Index, which recognizes the top 20
percent of leaders in corporate sustainability in North America. On
Feb. 1, 2007, the company announced plans to separate its three
businesses by spinning off its vehicle control systems business,
selling its bath and kitchen business and then renaming itself
Trane. The separation is on track for completion by early fall.
Additional information is available at
http://www.americanstandard.com/. DATASOURCE: American Standard
Companies Inc. CONTACT: Investors, Bruce Fisher, +1-732-980-6095, ,
Media, Skip Colcord, +1-732-980-3065, , both of American Standard
Companies Inc., or Margie Pazikas of WABCO, +32 (0) 2 663 9801, Web
site: http://www.americanstandard.com/
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