AAM Appoints Michael K. Simonte President and Christopher J. May, Vice President & Chief Financial Officer
31 Luglio 2015 - 2:30PM
Detroit, Michigan, July 31, 2015 -- 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
AAM Exec Announcement
7.31.15
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: American Axle & Manufacturing Holdings, Inc via
Globenewswire
HUG#1942753
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