WABCO Holdings (WBC) Appoints CEO to Additional Role of Chairman
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WABCO Holdings Inc. (NYSE: WBC) 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 Holdings Inc. is a provider of electric and electromechanical products for commercial truck, trailer, bus and passenger car manufacturers.[SM]
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