Board Changes at Allison Transmission

Alvaro Garcia-Tunon's term on the board will expire next year.

Allison Transmission Holdings Inc. (NYSE: ALSN) has announced changes to its board of directors. The company says former Wabtec Corporation (NYSE: WAB) CFO Alvaro Garcia-Tunon has been appointed to the board.

Garcia-Tunon’s appointment comes after Marsha Mishler decided to step down from the board. The company also announced that Gregory Ledford will retire from the board after his term expires at the 2016 annual meeting of stockholders.

"We are pleased to welcome Alvaro as a new member of our Board of Directors," said Lawrence E. Dewey, chairman of the board of directors. "Alvaro is an exceptional addition to our Board and his financial and capital allocation expertise, experience as a public company director and business perspectives will be of great value to Allison."

Garcia-Tunon previously served as chief financial officer for Wabtec before retiring as strategic adviser in 2013. His term with the Allison board will expire at the 2017 annual meeting of stockholders and he will also be a member of the board’s audit committee.