AAM Names David C. Dauch as President and Chief Executive Officer
(Thomson Reuters ONE) -
Detroit, MI, August 29, 2012 - American Axle & Manufacturing Holdings, Inc.
(AAM) which is traded as AXL on the NYSE, today announced that David C. Dauch
has been appointed as President and Chief Executive Officer, effective September
1, 2012. Richard E. Dauch, AAM Co-Founder, and currently Chairman and Chief
Executive Officer, will become Executive Chairman of the Board of Directors.
"Having developed a sound succession plan over the years, AAM is well positioned
for the future. I look forward to assisting the outstanding leadership team we
have assembled to execute our profitable growth plan," said AAM's Co-Founder and
current Chairman & Chief Executive Officer Richard E. Dauch, "As a superb leader
for AAM, David has distinguished himself as a globally focused executive who has
a passion for advanced technology and operational excellence. David is the
right person to lead our team and build value for all of our key stakeholders."
Thomas K. Walker, the independent lead director of AAM's Board of Directors
agrees, "As a Board, we place a very high priority on succession planning and
the development of management to ensure the Company's continuing success. David
C. Dauch is a results driven leader and has been instrumental in diversifying
AAM's product portfolio and customer base while establishing a global
manufacturing, engineering and sourcing footprint." Walker continued by saying,
"We are grateful for the strong leadership Dick has provided to AAM since its
inception in 1994. We are also pleased that he will continue to provide his
extraordinary knowledge and expertise to the company. This will be invaluable
as we move into the future."
"My father's vision, passion and unparalleled leadership have transformed AAM
into the leading global automotive supplier that it is today," said AAM's
current President and Chief Operating Officer David C. Dauch. "I look forward
to working with all of AAM's key stakeholders. Our commitment, direction,
mission and vision are clear and we are ready to build value by delivering
quality, technology leadership, diversification and operational excellence for
our customers around the world."
Full Biographies and Photos of Mr. R.E. Dauch, Mr. D.C. Dauch and Mr. T.K.
Walker are available at www.aam.com.
AAM is a world leader in the manufacture, engineering, design and validation of
driveline and drivetrain systems and related components and modules, chassis
systems and metal-formed products for light trucks, sport utility vehicles,
passenger cars, crossover vehicles and commercial vehicles. In addition to
locations in the United States (Michigan, Ohio, Pennsylvania and Indiana), AAM
also has offices or facilities in Brazil, China, Germany, India, Japan,
Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.
# # #
For more information...
Christopher M. Son
Director, Investor Relations, Corporate Communications and Marketing
(313) 758-4814
chris.son(at)aam.com
David Tworek
Manager, Communications
(313) 758-4883
david.tworek(at)aam.com
Or visit the AAM website at www.aam.com.
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: American Axle & Manufacturing Holdings, Inc via Thomson Reuters ONE
[HUG#1636785]
Unternehmensinformation / Kurzprofil:
Datum: 29.08.2012 - 14:31 Uhr
Sprache: Deutsch
News-ID 178689
Anzahl Zeichen: 4050
contact information:
Town:
Detroit, MI
Kategorie:
Business News
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"AAM Names David C. Dauch as President and Chief Executive Officer"
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