Indianapolis-based Allison Transmission Holdings Inc. (NYSE: ALSN) has named David Graziosi president. He currently serves as chief financial officer, a role he will retain as part of the promotion. The position was previously held by Chairman and Chief Executive Officer Larry Dewey. The company tells Inside INdiana Business the transition will help strengthen its leadership team.
Dewey says "I’m pleased to name Dave as president of Allison Transmission in recognition of the significant contributions he has made to the company and to acknowledge the wider role he already plays in our success."
He was hired by Allison in 2007 as executive vice president, CFO and treasurer. Graziosi will be in charge of a wide range of duties, including operations and purchasing, quality and reliability, legal/corporate affairs, communications/internal audit, human resources, information systems and services, as well as financial and treasury responsibilities. He came to the manufacturer shortly after its acquisition by the Carlyle Group and Onex Corp. from General Motors.
Graziosi says "I am honored to be named President of Allison Transmission. We have achieved significant accomplishments over the last eight years and will continue expanding our reach as we build on our 100-year history. I look forward to working closely with Larry and the rest of the management team in my expanded role."
The company’s work force numbers 2,700 globally.