DETROIT -- ArvinMeritor Inc. has hired former Chrysler group controller James Donlon to be the supplier's chief financial officer.
Donlon, 58, begins his new job on Friday, April 1.
He replaces Carl Soderstrom, who retired in September 2004, one month after Chip McClure became CEO.
Rakesh Sachdev, ArvinMeritor's controller who has handled the CFO duties during the search, is being given a new job as vice president of corporate strategy. The company is looking for a new controller.
Donlon joins ArvinMeritor from Kmart Corp., where he has been CFO since January 2004. Last week, Kmart completed its $12.3 billion takeover of Sears, Roebuck and Co.
Donlon became a key figure as German executives took control of the Chrysler group following the creation of DaimlerChrysler in 1998. He was the only senior Chrysler executive to move to Stuttgart after the takeover. He became the automaker's corporate controller in February 1999.
After 19 months in Germany, Donlon returned to the Auburn Hills, Mich., headquarters in September 2000 to help embattled Chrysler President James Holden. Holden was fired in November 2000.
ArvinMeritor, of Troy, Mich., ranked No. 18 on the Automotive News list of top 150 original equipment suppliers to North America with original equipment sales of $1.96 billion in 2003. The company makes drivetrain, chassis and emission components.
You may e-mail Dale Jewett at