AAM Announces Election of New Board Member
04 Novembre 2013 - 2:30PM
Detroit, Michigan, November
4, 2013 - American Axle & Manufacturing Holdings, Inc. (AAM)
which is traded as AXL on the NYSE, announced today the election of
Samuel Valenti III as an independent director of the Board
effective October 31, 2013. Mr. Valenti will serve as a Class III
director. Mr. Valenti will also serve on AAM's audit and
strategy committees.
Mr. Valenti currently serves as the Chairman of the Board of TriMas
Corporation, a publicly traded $1.4 billion-dollar manufacturer of
highly engineered precision products for industry. He also serves
as Chairman and C.E.O. of Valenti Capital and World Capital
Partners, which are investment firms located in Bloomfield Hills,
Michigan. Prior to his current roles, Mr. Valenti served as the
President of Masco Capital Corporation and is a 40-year veteran of
Masco Corporation, a Fortune 500 manufacturer of home building and
home improvement products. He is also the former Chairman of
the Investment Advisory Board of the $50 billion State of Michigan
retirement system. Mr. Valenti is a member of the Business Leaders
for Michigan and serves as Chairman of the Business Leaders for
Michigan, Renaissance Venture Capital Fund.
"We are pleased to have Sam join AAM's Board of Directors," said
AAM Chairman, President & CEO David C. Dauch. "He brings over
40 years of experience in the management of diversified
manufacturing businesses and financial matters to the Board. His
strong leadership and experience will be of value to AAM as we
continue to focus on achieving our long-term goals of profitable
growth, diversification, and debt reduction to build value for our
stakeholders."
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.
Certain statements contained in
this press release which are not historical facts contain
forward-looking information with respect to the Company's plans,
projections or future performance, the occurrence of which involves
risk and uncertainties that could cause the Company's actual
results or plans to differ materially from those expected by the
Company which include risk factors described in the Company's
filings with the Securities and Exchange Commission.
# # #
For more information...
Christopher M. Son
Director, Investor Relations,
Corporate Communications & Marketing
(313) 758-4814
chris.son@aam.com
Liz Ventimiglia
Manager, Investor Relations
(313) 758-4635
liz.ventimiglia@aam.com
Or visit the AAM website at www.aam.com.
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(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
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