On November 5, 2020, Jeffrey A. Craig notified the Board of Directors of Meritor, Inc. that he intends to step down as the Company's Chief Executive Officer and President effective February 28, 2021. At that time, Mr. Craig will transition to the role of Executive Chairman of the Board. Chris Villavarayan, the Company's Executive Vice President and Chief Operating Officer, has been selected to succeed Mr. Craig as the Company's Chief Executive Officer and President upon the effectiveness of Mr. Craig's resignation, and will also become a member of the Board. The Company's current Chairman, William R. Newlin, will become Lead Director of the Board as part of this transition plan.