INDIANAPOLIS--(BUSINESS WIRE)--Feb. 19, 2019--
Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global
provider of commercial duty fully-automatic transmissions, announced
today that Judy Altmaier has been appointed to its Board of Directors,
effective immediately. The appointment of Ms. Altmaier increases the
size of the Board to eleven members.
“We are pleased to welcome Judy as a new independent member of our Board
of Directors,” said Lawrence E. Dewey, Chairman of the Board of
Directors. “We remain focused on constantly strengthening the
composition of our Board as we continue to seek excellence as a premier
industrial company. Judy’s significant operational experience and strong
business leadership will be of great value to Allison and an asset to
Ms. Altmaier’s term will expire at the 2019 annual meeting of
stockholders. In addition, Ms. Altmaier will also serve as a member of
the Board’s Audit Committee.
About Judy Altmaier
Judy Altmaier served as the President of Exmark Manufacturing Co, a
subsidiary of The Toro Company, from 2013 until her retirement in
January 2019. Prior to that, she was Vice President, Operations and
Quality Management of The Toro Company from 2009 until 2013. Before
joining Toro, Ms. Altmaier spent more than 25 years with Eaton
Corporation, holding positions of increasing responsibility including
Vice President of Operations, Auto Group Americas during 2009 and Vice
President, General Manager Global Engine Valve Division in Turin, Italy
from 2007 until 2009. Ms. Altmaier joined Eaton in 1983 as an accountant.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world's largest manufacturer of
fully automatic transmissions for medium- and heavy-duty commercial
vehicles, and is a leader in hybrid-propulsion systems for city buses.
Allison transmissions are used in a variety of applications including
refuse, construction, fire, distribution, bus, motorhomes, defense and
energy. Founded in 1915, the company is headquartered in Indianapolis,
Indiana, USA and employs approximately 2,700 people worldwide. With a
market presence in more than 80 countries, Allison has regional
headquarters in the Netherlands, China and Brazil with manufacturing
facilities in the U.S., Hungary and India. Allison also has
approximately 1,400 independent distributor and dealer locations
worldwide. For more information, visit allisontransmission.com.
This press release may contain forward-looking statements. All
statements other than statements of historical fact contained in this
press release are forward-looking statements, including all statements
regarding future financial results. In some cases, you can identify
forward-looking statements by terminology such as "may," "will,"
"should," "expect," "plans," "project," "anticipate," "believe,"
"estimate," "predict," "intend," "forecast," "could," "potential,"
"continue" or the negative of these terms or other similar terms or
phrases. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks. Factors which may cause
the actual results to differ materially from those anticipated at the
time the forward-looking statements are made include, but are not
limited to: risks related to our substantial indebtedness; our
participation in markets that are competitive; general economic and
industry conditions; our ability to prepare for, respond to and
successfully achieve our objectives relating to technological and market
developments and changing customer needs; the failure of markets outside
North America to increase adoption of fully-automatic transmissions; the
discovery of defects in our products, resulting in delays in new model
launches, recall campaigns and/or increased warranty costs and reduction
in future sales or damage to our brand and reputation; the concentration
of our net sales in our top five customers and the loss of any one of
these; risks associated with our international operations; brand and
reputational risks; our intention to pay dividends; and labor strikes,
work stoppages or similar labor disputes, which could significantly
disrupt our operations or those of our principal customers. Although we
believe the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, we can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information is as of the date of this press release, and
we undertake no obligation to update any forward-looking statement to
conform the statement to actual results or changes in expectations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190219005583/en/
Source: Allison Transmission Holdings Inc.
Melissa Sauer, Executive Director, Corporate Affairs & Communications, firstname.lastname@example.org,