Allison Transmission has a New CEO
Recently, Allison Transmission has officially confirmed that David S. Graziosi has taken up the post as the company’s CEO. Prior to that appointment, he successfully worked as president and CFO since the beginning of 2016.
Lawrence E. Dewey, Former CEO of Allison
Transmission
Graziosi’s appointment as the next chief executive officer was firstly declared by Allison’s board of directors in the summer of 2017. He replaced Lawrence E. Dewey, who vacated the office in the late spring of the same year as company’s longest-serving executive in its more than century-old history. "It is my privilege to follow Lawrence as company’s next CEO," said Graziosi. "He effectively led the company through key stages of its development, contributing to Allison’s long-term growth. The standards he set and his proven record of impressive achievements distinguishes Allison from other representatives of the automobile industry.”
David S. Graziosi
Graziosi, 52, joined Allison as executive VP,
CFO and financial manager in the fall of 2007, shortly after the sale of Allison
by GM to The Carlyle Group and Onex Corp. Graziosi was appointed as president
in 2016. In this job, Mr. Graziosi was responsible for a wide range of
operations related to product quality issues, international cooperation, financial
operations and much more. Graziosi started his career in public accounting and
has vast experience in international production companies. Complementary to his
new position, Graziosi will also continue serving as the company’s president.
This spring, the board reported that G. Frederick
Bohley III would replace Graziosi as company’s CFO. Bohley has been working at
the company for several decades and not long ago held the position of vice-president
for financial operations and worked as a treasurer, a role that he will keep along with
his new job duties.
