Meritor Automotive's Thomas Madden Named To Michigan Colleges Foundation Board of Trustees
25 May 2000
Meritor Automotive's Thomas Madden Named To Michigan Colleges Foundation Board of TrusteesTROY, Mich., May 25 Thomas A. Madden, senior vice president and chief financial officer of Meritor Automotive, Inc. , has been elected to serve as one of three new trustees to the Michigan Colleges Foundation (MCF) board. Meritor Automotive President and Chief Executive Officer Larry Yost said, "Supporting education here in Michigan and in the communities in which we do business is a top priority for Meritor. We are extremely pleased with Tom's appointment to the MCF board, as well as with his enthusiasm for supporting Michigan education initiatives." Meritor Automotive contributes more than $1.8 billion annually to charitable organizations around the world. More than half of that is devoted to supporting education. The company's financial assistance to engineering and technical schools worldwide is intended to help increase the number of engineers and scientists available for recruitment into the field of automotive engineering. These contributions also help stimulate technological development and innovation in the field. Meritor is an ongoing financial supporter of the Michigan Colleges Foundation. Also elected to the Foundation board were Judith S. Love, senior vice president of Finance for Comerica Inc., and Patrick W. Reay, state director, Large Business Services, for Ameritech/SBC. Each of the three new trustees will serve a three-year term. Madden is a certified public accountant, with a bachelor's degree in Business Administration from Indiana University of Pennsylvania and a master's degree in Business Administration from the University of Pittsburgh. Prior to his current position with Meritor, Madden served at Rockwell International as a corporate officer and the vice president of corporate development. From October 1994 to August 1996, Madden was vice president, finance and administration, of Rockwell Automotive. He also served for 13 years on Rockwell's corporate controller's staff. Before joining Rockwell, Madden was audit manager for Coopers and Lybrand. In addition, Madden served on the board of directors of the Pittsburgh Chapter of the Financial Executives Institute, the leadership council of the Pittsburgh Family Hospice, and the board of directors of the University of Pittsburgh Business Alumni Association. The Michigan Colleges Foundation, now celebrating its fifty-first year of operation, was founded in 1949 to raise funds from the private sector for Michigan's independent liberal arts colleges. Since its inception, MCF has raised over $53 million for member institutions, and has administered more than 1,150 corporate-sponsored scholarships to qualified students. MCF member colleges and universities include Adrian, Albion, Alma, Andrews, Aquinas, Calvin, Hillsdale, Hope, Kalamazoo, Madonna, Marygrove, Olivet, Siena Heights and Spring Arbor. Meritor, with 1999 sales of $4.5 billion, is a global supplier of a broad range of systems and components for commercial, specialty and light vehicle OEMs and the aftermarket. Meritor consists of two businesses: Heavy Vehicle Systems, a leading supplier of complete drivetrain systems and components for medium- and heavy-duty trucks, trailers and off-highway equipment and specialty vehicles, including military, bus and coach, and fire and rescue; and Light Vehicle Systems, a major supplier of roof, door, access control and suspension systems and wheel products for passenger cars, light trucks and sport utility vehicles. Meritor World Wide Web Site Address: http://www.meritorauto.com .