AAM Appoints Simonte President, May CFO

DETROIT — American Axle & Manufacturing Holdings Inc. (NYSE: AXL) Friday announced the appointment of Michael K. Simonte as president and Christopher J. May vice president and CFO effective Aug. 1.

David C. Dauch will remain as chairman and CEO. Simonte and May will report to Dauch.

AAM is an ESD corporate member.

Simonte, 51, has been with AAM for nearly 17 years, most recently serving as executive vice president and CFO. Prior to that he was the company’s treasurer. His experience while in those positions includes external reporting, internal controls, global tax planning, financial strategy, budgeting, forecasting, capital structure oversight, cash management and investor relations. In addition to his broad financial background, he has extensive leadership experience at the operating level that includes overseeing capital allocation, managing commercial negotiations, executing restructuring activities and directing the company’s information technology function.

May, 45, has held positions of increasingly significant responsibility during his 21 years with the company. He served most recently as treasurer and previously, assistant treasurer. His experience includes various positions within AAM’s financial reporting, internal audit and operations finance departments. Over the last several years, he has led the company’s efforts to refinance its capital structure while building strong financial processes within the organization. He is a certified public accountant and earned a bachelor of science in accounting from Canisius College and an MBA from the University of Detroit – Mercy.

AAM also announced the appointment of Alberto L. Satine to president of its driveline business unit and senior vice president of AAM corporate, and Norman Willemse to president of metal formed products and senior vice president of AAM corporate. They will both report to Simonte.

AAM designs, engineers and manufactures driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles.

In addition to locations in the United States — in Michigan, Ohio, Pennsylvania and Indiana — AAM also has operations in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.

More at www.aam.com.

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