INDIANAPOLIS, June 4, 2024
/PRNewswire/ -- Allison Transmission Holdings, Inc.
(NYSE: ALSN), a global leader in commercial-duty automatic
transmissions, electric and hybrid propulsion solutions, is pleased
to announce the appointment of G. Frederick
(Fred) Bohley III as the new Chief Operating Officer (COO),
effective immediately. This appointment was approved by Allison's
Board of Directors.
Fred Bohley, who has been with
Allison Transmission since 1991, will continue to hold his current
roles as Chief Financial Officer (CFO) and Treasurer while taking
on his new responsibilities as COO. In his expanded role, Fred will
oversee the Finance, Strategy and Business & Corporate
Development, Information Systems & Services (IS&S) and
Operations organizations.
"Fred is a highly respected member of our team who has
demonstrated exceptional leadership and a deep understanding of our
company and our industry," said David
Graziosi, Chair and CEO of Allison Transmission. "His
extensive experience and successful track record make him the ideal
choice to help drive our strategic initiatives and growth. I am
confident in Fred's ability to lead these critical areas of our
business."
Bohley's career at Allison Transmission has been marked by
significant achievements and progressive leadership roles. He has
been instrumental in overseeing all aspects of our financial
management and has played a key role in setting the company's
strategic direction. His previous roles have included General
Accountant, Tax Specialist, Internal Auditor and various
director-level positions such as Director of Latin American
Operations and Director of International Marketing and Business
Planning.
The company has begun an extensive search for a new CFO to
succeed Fred in these roles. In the interim, he will continue to
serve in these capacities to ensure a smooth transition.
"We believe this new appointment will enhance our ability to
meet the challenges ahead and continue our tradition of innovation
and excellence," added Graziosi. "Please join me in congratulating
Fred on his new role and responsibilities."
For more information about Allison Transmission, visit
allisontransmission.com.
About G. Frederick
Bohley
Bohley joined Allison Transmission in 1991 in the Finance
organization where he held positions of increasing responsibility.
In 2001, Bohley joined Marketing, Sales and Service where he held
the position of National Account Executive. He relocated to
Sao Paulo, Brazil, in 2003 as
Director of Latin American Operations and returned in 2006 as
Director of International Marketing and Business Planning.
Following Allison's divestiture from General Motors, Bohley
rejoined Finance and was promoted to Executive Director of
Financial Planning and Analysis, Pricing and International Finance.
He added Investor Relations to his responsibilities in 2013 and
Business Planning in 2014. He was promoted to Vice President, with
the added responsibility of the treasury department in 2016 and
became Treasurer in 2017. Bohley was then promoted to Vice
President, Chief Financial Officer and Treasurer in 2018 and he
added Business Development to his responsibilities in 2018. In 2019
he was named Senior Vice President and now has oversight of
Information Systems and Services. Bohley holds a bachelor's degree
in business, with majors in accounting and finance, from the Kelley
School of Business at Indiana
University.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and
manufacturer of propulsion solutions for commercial and defense
vehicles and the largest global manufacturer of medium- and
heavy-duty fully automatic transmissions 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.
Forward-Looking Statements
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.
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SOURCE Allison Transmission Holdings Inc.