American Axle & Manufacturing Announces Change in Board of Directors
23 Dicembre 2003 - 10:30PM
PR Newswire (US)
American Axle & Manufacturing Announces Change in Board of
Directors DETROIT, Dec. 23 /PRNewswire-FirstCall/ -- American Axle
& Manufacturing Holdings, Inc. (AAM), which is traded as AXL on
the NYSE, today announced that Mr. Robert L. Friedman and Mr. Bret
D. Pearlman, representatives from Blackstone Capital Partners II
Merchant Banking Fund L.P. and its affiliates (Blackstone), have
resigned from the AAM Board of Directors, effective immediately.
This is the final step in Blackstone's planned and completed
orderly exit strategy of its investment in AAM on December 8, 2003.
"I want to thank Bob Friedman, Bret Pearlman and The Blackstone
Group for their strong support of AAM over the past six years and
wish them good luck on their future endeavors," said American Axle
& Manufacturing Co-Founder, Chairman of the Board & CEO
Richard E. Dauch. "We are currently evaluating candidates to fill
these vacancies on our Board of Directors." AAM is a world leader
in the manufacture, engineering, design and validation of driveline
systems and related components and modules, chassis systems and
forged products for light trucks, sport utility vehicles and
passenger cars. In addition to its 14 locations in the United
States (in Michigan, New York and Ohio), AAM also has offices and
facilities in Brazil, England, Germany, Japan, Mexico and Scotland.
For more information: Media relations contact: Investor relations
contact: Carrie L.P. Gray Richard F. (Rick) Dauch Director,
Corporate Relations Vice President Investor Relations (313)
758-4880 (313) 758-4767 Or visit the AAM website at
http://www.aam.com/ DATASOURCE: American Axle & Manufacturing
Holdings, Inc. CONTACT: Media relations contact: Carrie L.P. Gray,
Director, Corporate Relations, +1-313-758-4880, , or Investor
relations contact: Richard F. (Rick) Dauch, Vice President Investor
Relations, +1-313-758-4767, , both of American Axle &
Manufacturing Holdings, Inc. Web site: http://www.aam.com/ Company
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