American Axle & Manufacturing CEO Richard E. Dauch Extends Contract & Announces Executive Appointments
4 January 2001
American Axle & Manufacturing CEO Richard E. Dauch Extends Contract & Announces Executive Appointments
DETROIT, Jan. 4 American Axle & Manufacturing Holdings,
Inc. (AAM), including its subsidiaries, which is traded as AXL on the NYSE,
today announced the following executive appointments and changes.
Richard E. Dauch, AAM co-founder, chairman & chief executive officer
(CEO), has extended his employment contract with the company by an additional
two years. The contract extension runs through December 31, 2006.
Joel D. Robinson has been appointed AAM president and chief operating
officer (COO). Robinson has 37 years experience in the automotive industry,
including a succession of manufacturing and engineering positions with Ford,
American Motors and the former Chrysler Corporation. Previously, Robinson was
AAM's executive vice president, Operations & COO.
"Joel has been instrumental in helping build AAM into the premier global
tier-one supplier we have become," said Dauch. "Joel is ideally suited to
take over the reins of the presidency. He has helped lead all aspects of
AAM's operations since the company's inception and his knowledge, experience
and leadership will be invaluable as we go forward into the 21st century."
B.G. "Bob" Mathis retired from his position of executive vice president,
Administration & chief administrative officer (CAO) after spending more than
40 years in the automotive industry. Mathis will retain his seat on the AAM
Board of Directors.
"Bob was the first person I spoke with when we were thinking of purchasing
the GM assets that would become AAM," Dauch said. "He came out of retirement
to help launch AAM in 1994 and helped us grow into a successful publicly held
company. We wish him all the best as he moves on to his well-deserved
retirement and we are delighted that he will continue his governance role with
AAM.
In addition, the following executive appointments have been announced:
Patrick S. Lancaster has been appointed group vice president & CAO while
retaining his position as AAM's corporate secretary.
Yogendra N. Rahangdale has been named group vice president & chief
technical officer. Previously, Rahangdale was AAM's vice president,
Manufacturing & Procurement Services.
Ronald J. Allman has been appointed vice president, Manufacturing -
Forging Division. He previously was general manager of AAM's Forging
Division.
Marion A. Cumo, formerly vice president of Materials Management, has been
appointed vice president, Materials Management & Logistics.
David C. Dauch, formerly vice president, Sales & Marketing, has been
appointed vice president Manufacturing - Driveline Division.
Richard F. Dauch, has been appointed vice president Sales. He previously
was vice president, Manufacturing - Driveline Division.
Carrie L.P. Gray, formerly director, Corporate Relations, has been
appointed director, Marketing & Corporate Relations.
Thomas W. Mucha, has been appointed managing director, Guanajuato Gear &
Axle. He formerly served as manufacturing manager at the facility.
Richard G. Raymond has been appointed general counsel. He previously
served as acting general counsel.
AAM is a world leader in the manufacture, engineering, validation and
design of driveline systems, chassis systems and forged products for trucks,
buses, 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.
CONTACT: Investor Relations: Robert A. Krause, Vice President &
Treasurer, 313-974-3074, krauser@aam.com , or Media Relations: Carrie L.P.
Gray, Director, Marketing & Corporate Relations, 313-974-2598, grayc@aam.com ,
both of American Axle & Manufacturing Holdings, Inc.