BRUSSELS, Belgium, May 29 /PRNewswire-FirstCall/ -- WABCO Holdings Inc. (http://www.wabco-auto.com) , a global technology leader and tier-one supplier to the commercial vehicle industry, confirmed today that the company's Board of Directors appointed Jacques Esculier, Chief Executive Officer, to the additional role of Chairman of the Board on May 28, 2009, after WABCO's Annual Meeting of Shareholders held on the same date. Mr. Esculier has been leading WABCO since January 2004.
WABCO announced in March 2009 that Mr. Esculier would assume the additional role of Chairman of the Board in a transition with James Hardymon, the company's Non-Executive Chairman of the Board since July 2007. As also announced in March, the Board of Directors appointed Mr. Hardymon to the position of Lead Director to commence as of the May 28. This transition was subject to Mr. Hardymon's re-election for a new term at WABCO's 2009 Annual Shareholders Meeting.
WABCO's 2009 Annual Meeting of Shareholders approved the Board's proposal to re-elect James Hardymon, Michael Smith and John Fielder as directors for a further three-year term.
WABCO's 2009 Annual Meeting of Shareholders also approved the Board's 2009 Omnibus Incentive Plan and ratified the appointment of Ernst and Young as its auditors for the year ending December 31, 2009.
About WABCO
WABCO Vehicle Control Systems 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