Allison Transmission Elects D. Scott Barbour to Board of Directors
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INDIANAPOLIS – May 5, 2022 – Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced that D. Scott Barbour has joined its Board of Directors following a successful election at the 2022 annual meeting of stockholders.
Barbour serves as the Chief Executive Officer and President of Advanced Drainage Systems, Inc. (ADS), a manufacturer of water management solutions in the stormwater and on-site septic wastewater industries, a position he has held since September 2017. Under his leadership, ADS completed a transformative acquisition in an adjacent market and repositioned itself as a pureplay water management company. Barbour refocused ADS’ resources and capital on operational improvements to drive customer satisfaction and continuous improvement while also building out the marketing, product development and material science capabilities of the company. During his tenure, Barbour has led the establishment of the ADS Foundation, giving the company an avenue to provide aid to causes that align with its Environmental, Social and Governance prioritieswater, recycling and community.
“We are pleased to welcome Scott as the newest member of Allison’s esteemed Board of Directors,” said David S. Graziosi, Chairman & Chief Executive Officer, Allison Transmission. “As the commercial vehicle industry evolves, we remain committed to manufacturing leading propulsion solutions that Improve the Way the World Works. Scott’s strong leadership along with his extensive experience in manufacturing will make him a valuable asset to Allison and our Board.”
Prior to joining ADS, Barbour held several leadership positions at Emerson Electric Co., a global technology and engineering company that provides solutions for customers in industrial, residential and commercial markets. He earned a Bachelor of Science in Mechanical Engineering from Southern Methodist University and a Master of Business Administration from the Owen Graduate School of Management, Vanderbilt University.
The election of Barbour increases the size of Allison’s Board to ten members. He will serve on the Board’s Audit and Compensation Committees. His current term will expire at the 2023 annual meeting of stockholders.
May 05, 2022
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified
propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach),
motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more
than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis,
Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
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This press release contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management’s good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, wars and pandemics; global economic volatility; general economic and industry conditions, including the risk of recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism; 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; our ability to identify, consummate and effectively integrate acquisitions and collaborations; risks related to our indebtedness; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. 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 and risks related to our indebtedness.
SOURCE Allison Transmission Holdings Inc.