DETROIT, July 31, 2015 /PRNewswire/ -- American Axle
& Manufacturing Holdings, Inc. (AAM), which is traded as AXL on
the NYSE, today announced the appointment of Michael K. Simonte to President and Christopher J. May to Vice President & Chief
Financial Officer effective August 1,
2015. David C. Dauch will remain as Chairman and Chief
Executive Officer. Mr. Simonte and Mr. May will report to Mr.
Dauch.
Michael K. Simonte, 51, has been
with AAM for nearly 17 years, most recently serving as Executive
Vice President & CFO and previously, Treasurer. His experience
while in these senior corporate positions includes external
reporting, internal controls, global tax planning, financial
strategy, budgeting, forecasting, capital structure oversight, cash
management and investor relations. In addition to his broad
financial background, he has extensive leadership experience at the
operating level that includes overseeing capital allocation,
managing commercial negotiations, executing restructuring
activities and directing the company's information technology
function.
"Mike has been instrumental to our profitable growth and
success, and a key leader in building a solid financial foundation
for AAM," said David C. Dauch,
Chairman and CEO of AAM. "His financial experience will be of
great benefit to our operations as we continue to implement our
growth strategies while driving operational efficiencies to build
stakeholder value through operational excellence, quality and
technology leadership."
Christopher J. May, 45, has held
positions of increasingly significant responsibility during his 21
years with the company. He served most recently as Treasurer
and previously, Assistant Treasurer. His experience includes
various positions within AAM's financial reporting, internal audit
and operations finance departments. Over the last several years, he
has led the company's efforts to refinance our capital structure
while building strong financial processes within the organization.
He holds a Masters of Business Administration degree from
University of Detroit - Mercy, and a
Bachelor of Science degree in Accounting from Canisius College. Mr. May also holds a CPA
designation.
"Chris has demonstrated outstanding leadership in our finance
organization since joining the company in 1994," said Dauch.
"His deep institutional knowledge will allow for a smooth
transition and an immediate positive impact on the future direction
of our company. I am confident that Chris will continue to
effectively lead the finance organization in support of our plan to
sustain solid profitability and improved free cash flow
performance."
AAM also announced the appointment of Alberto L. Satine to President, Driveline
Business Unit (Senior Vice President – AAM Corporate) and
Norman Willemse to President, Metal
Formed Products (Senior Vice President – AAM Corporate). Mr.
Satine and Mr. Willemse will report to Mr. Simonte.
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@aam.com
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SOURCE AAM