Allison Transmission Announces Retirement of Vice President, Names Successor

INDIANAPOLIS, Feb. 27, 2014 /PRNewswire/ — Allison Transmission Holdings Inc.
(NYSE: ALSN) today announced that Robert M. Price, Vice President of Human
Resources, has elected to retire effective April 1. He will be succeeded by Mary
Anne Hoffman who has been promoted to Acting Executive Director of Human
Resources.

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“During his 36 years as an employee of General Motors and Allison Transmission,
Bob has made countless contributions to our company’s success,” said Lawrence E.
Dewey, Chairman, President and CEO of Allison Transmission. “We all wish Bob,
his wife, Theresa, and their family a long and happy retirement. His leadership
and passion will be missed.”

Hoffman joined the company in August 2012 and has been responsible for
international human resources, as well as employee training and development
activities. She also participated as a member of the 2012 labor contract
negotiations team.

“Over the course of her career, Mary Anne has acquired a wealth of human
resources knowledge in the automotive and aircraft manufacturing industries,”
said Dewey. “Her many years of professional experience are a tremendous asset to
our company.”

Prior to joining Allison, Hoffman had most recently spent 12 years in human
resources for Ford Motor Co. in Indianapolis. Her responsibilities included
hiring hundreds of employees during their expansion, developing a strategic
manpower planning process, managing labor relations, and overseeing health and
safety activities.

Hoffman earned a bachelor’s degree, cum laude, from the University of Notre Dame
and a master’s degree in business administration from Miami (Ohio) University.
She has also received a Certificate in Business and Executive Coaching from the
University of Texas and designation as a Certified Labor Relations Professional
(CLRP) from Michigan State University. Additionally, Hoffman holds the Senior
Professional in Human Resources (SPHR) designation and is a Master Practitioner
for Myers-Briggs.

ABOUT ALLISON TRANSMISSION
Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully
automatic transmissions for medium- and heavy-duty commercial vehicles and is a
leader in hybrid-propulsion systems for city buses. Allison transmissions are
used in a variety of applications including refuse, construction, fire,
distribution, bus, motorhomes, defense and energy. Founded in 1915, the company
is headquartered in Indianapolis, Indiana, USA and employs approximately 2,700
people worldwide. With a market presence in more than 80 countries, Allison has
regional headquarters in the Netherlands, China and Brazil with manufacturing
facilities in the U.S., Hungary and India. Allison also has approximately 1,400
independent distributor and dealer locations worldwide. For more information,
visit www.allisontransmission.com.

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. All statements other
than statements of historical fact contained in this press release are
forward-looking statements. In some cases, you can identify forward-looking
statements by terminology such as “may,” “will,” “should,” “expect,” “plans,”
“project,” “anticipate,” “believe,” “estimate,” “predict,” “intend,” “forecast,”
“could,” “potential,” “continue” or the negative of these terms or other similar
terms or phrases. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks. Factors which may cause the
actual results to differ materially from those anticipated at the time the
forward-looking statements are made include, but are not limited to: risks
related to our substantial indebtedness; our participation in markets that are
competitive; general economic and industry conditions; our ability to prepare
for, respond to and successfully achieve our objectives relating to
technological and market developments and changing customer needs; the failure
of markets outside North America to increase adoption of fully-automatic
transmissions; 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; the
concentration of our net sales in our top five customers and the loss of any one
of these; risks associated with our international operations; brand and
reputational risks; our intention to pay dividends; and labor strikes, work
stoppages or similar labor disputes, which could significantly disrupt our
operations or those of our principal customers. 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.

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SOURCE Allison Transmission Holdings Inc.

 

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