Thursday, ArvinMeritor Inc. (ARM) appointed Larry Ott as senior vice president of Human Resources, effective Aug. 1, 2010. The board also elected Ott as an officer of the company. In this position, Ott will be responsible for leadership and management of the human resources function for the company's 13,200 employees at more than 95 locations in 25 countries.
Additionally, he will provide strategic focus in employee leadership and development initiatives, compensation, benefits and rewards systems, labor relations, and human resources systems, policies and practices.
Ott most recently served as senior vice president of Global Human Resources for Ally Financial Inc., where he was responsible for the auto finance, insurance and commercial finance businesses from a human resources and organizational development perspective beginning in January 2006. Prior to joining Ally, Ott had over twenty-two years of business experience working at General Motors where he held various management positions with increasing levels of responsibility in the human resources and labor relations functions.
ARM is currently trading at $15.85, up $0.39 or 2.52%, on a volume of 636,103 shares on the NYSE.
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