American Axle & Manufacturing Elects New Board Members
DETROIT, Feb. 3, 2004 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced the appointment of two new members to its Board of Directors: Dr. Henry T. Yang, Chancellor at the University of California, Santa Barbara, and Mr. Thomas Martin, a retired DaimlerChrysler financial executive.
In addition to his duties as Chancellor at the University of California, Santa Barbara, Dr. Yang serves as professor of Mechanical Engineering. The former Dean of Engineering at Purdue University, Dr. Yang is a nationally recognized expert in automotive and aerospace engineering. He was granted a doctorate degree in Structural Engineering from Cornell University, as well as honorary doctorates from Purdue University and Hong Kong University of Science & Technology. Dr. Yang holds numerous board and committee positions, including: Member of the Board of Directors, for the California Council on Science & Technology; Chairman of the Council of Presidents and Member of the Board of Trustees, Universities Research Association; and founding member of the Steering Committee, Association of Pacific Rim Universities. He previously served on the Board of Directors of both Allied Signal and Eaton Corporation. In addition, Dr. Yang previously served on the Defense Manufacturing Board and the Defense Science Board.
While at DaimlerChrysler, Mr. Martin served primarily in various financial positions including: Chief Financial Officer and board member, Chrysler de Mexico; Chief Financial Officer, Chrysler International - Europe; Controller, Chrysler de Mexico; and Director, Core Process Implementation. In addition, he served as Controller, Service & Parts Division and Financial Manager for Manufacturing, Engineering, Program Management, Design, Procurement & Supply, Chrysler Financial and Corporate Staffs.
"We welcome Dr. Yang and Mr. Martin to our Board of Directors," says AAM Co-Founder, Chairman of the Board & Chief Executive Officer Richard E. Dauch. "With their diverse experience in engineering, technology, international operations, finance and business, Dr. Yang and Mr. Martin will provide significant expertise to AAM as Board members. Dr. Yang's vast experience in technology and engineering and his knowledge of the Asian market, as well as Mr. Martin's financial expertise and international business experience will enrich AAM as we expand our leadership in the engineering, development, and manufacturing of driveline systems, chassis systems and forged products in the global marketplace."
AAM is a world leader in the manufacture, design, engineering, and validation of driveline systems and related components and modules, chassis systems and forged products for 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.
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 ... 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 grayc@aam.com dauchrf@aam.com Or visit the AAM website at www.aam.com
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