American Axle & Manufacturing Elects New Board Member: Thomas K. Walker
30 September 1999
American Axle & Manufacturing Elects New Board Member: Thomas K. WalkerDETROIT, Sept. 30 -- American Axle & Manufacturing Holdings, Inc. today announced the election of a new member to its board of directors: Thomas K. Walker, former president, Amcast Automotive. From 1995 to 1999, Walker directed all activities for the $300 million automotive group, a unit of Dayton, Ohio-based Amcast Industrial Corporation. Prior to that, he held senior executive positions with ITT Automotive of Auburn Hills, Michigan, and Allied-Signal Automotive Catalyst Co of Tulsa, Oklahoma. He has also served in a variety of manufacturing and engineering leadership positions with Volkswagen of America, and with General Motors where he began his 37-year career. In his senior executive roles, Walker has transformed local organizations into global enterprises through consolidations, acquisitions and joint ventures. He has dramatically improved financial performances, successfully led global growth strategies, and implemented large-scale production efficiencies. "We welcome Mr. Walker and look forward to the contributions he will make as an important member of our board," said Richard E. Dauch, chairman, CEO & president. "His automotive leadership, experience and insight will help AAM achieve continued success in selective global expansion and profitable growth." AAM is a world leader in the manufacture, engineering and design of driveline systems, chassis systems and forged products for trucks, buses, sport utility vehicles, and passenger cars. In addition to its 13 locations in the United States (in Michigan, New York and Ohio), AAM also has offices and facilities in Mexico, England, Scotland, Japan, and Germany. 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 involve risks 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.