▁in ▁late ▁March . ▁The ▁name ▁change ▁was ▁successfully ▁completed ▁and ▁launched ▁on ▁March ▁ 3 0 , ▁ 2 0 1 1 . ▁ ▁Executive ▁Management ▁ ▁Charles ▁" Ch ip " ▁Mc Cl ure , ▁former ▁president ▁and ▁CO O ▁of ▁Federal ▁M og ul ▁Cor p ., ▁served ▁as ▁the ▁CE O ▁of ▁Mer itor ▁from ▁ 2 0 0 4 ▁to ▁ 2 0 1 3 . ▁Under ▁his ▁executive ▁management , ▁Mer itor ▁completed ▁the ▁div est iture ▁of ▁the ▁passenger ▁vehicle ▁business ▁segment ▁in ▁January ▁ 2 0 1 1 . ▁This ▁officially ▁categor ized ▁this ▁global ▁manufact urer / supp lier ▁outside ▁of ▁the ▁autom ot ive ▁industry . ▁With ▁its ▁foc al ▁point ▁on ▁commercial ▁vehicle ▁system ▁component ▁production , ▁Mer itor ▁announced ▁continuous ▁sales ▁loss ▁with ▁total ▁re venue ▁at ▁$ 6 3 ▁million ▁in ▁ 2 0 1 1 ▁and ▁$ 5 2 ▁million ▁in ▁ 2 0 1 2 . ▁August ▁ 2 0 1 3 , ▁ ▁I vor ▁J .” I ke ” ▁Evans ▁was ▁named ▁as ▁the ▁new ▁inter im ▁CE O ▁of ▁Mer itor , ▁who ▁has ▁been ▁a ▁member ▁of ▁Board ▁of ▁Direct ors ▁of ▁Mer itor ▁Inc . ▁since ▁ 2 0 0 5 . ▁I vor ▁Evans ▁served ▁as ▁the ▁president ▁and ▁chief ▁operating ▁officer ▁of ▁Union ▁Pacific ▁Rail road ▁from ▁ 1 9 9 8 ▁to ▁ 2 0 0 4 , ▁and ▁as ▁the ▁vice ▁chairman ▁of ▁Union ▁Pacific ▁Co operation ▁from ▁January