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Allison Transmission
By MT Bureau| Feb 17, 2021

Graziosi To Takeover Chairmanship Of Allison Transmission Board From Dewey

Allison Transmission Holdings Inc. announced that Lawrence E Dewey has notified the company's board of directors of his decision to not stand for re-election at the company's 2021 annual meeting of stockholders. Dewey joined the board in October, 2007 as Allison Transmission’s President, CEO and Chairman following the purchase of the Allison business by The Carlyle Group and Onex Corporation.

Allison also announced that its board of directors has selected current board member and President and CEO David S Graziosi to succeed Dewey as the next Chairman of the Board following the 2021 annual meeting of stockholders.

Dewey retired as CEO in May 2018 following a career spanning 44 years. As the longest-serving head of Allison in its 100 year-plus history, he oversaw the company’s transition from being a division of General Motors Co., to becoming an independent company with private equity ownership, to offering equity on the New York Stock Exchange in an IPO in 2012 and then transitioning to an independent public company.

Graziosi has served as a director of Allison Transmission Holdings, Inc. since May 2018 and is currently the President and Chief Executive Officer of Allison and has served in that capacity since June 2018. He has been with Allison Transmission since 2007.

Dewey will continue to serve as Chairman of the Board and Chair of the board’s Finance Committee until his current term expires at the 2021 annual meeting of stockholders. In recognition of his many years of service, the board has named Dewey to the honorary position of Chairman Emeritus of the Board following the 2021 annual meeting of stockholders. (MT)

 

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