Allient Inc. Elects Alex Collichio as Vice President

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self-insured model technical

A self-insured model is when an organization pays for its own future losses and medical claims directly instead of buying a standard insurance policy from an outside company. Think of it like setting aside your own emergency fund rather than paying monthly premiums to an insurer; it can save money if claims are low but increases exposure to big, unexpected costs. For investors, this affects a company’s cash flow, potential liabilities, earnings volatility, and the need for reserve planning.

collective bargaining agreements regulatory

Collective bargaining agreements are written contracts negotiated between a group of employees, usually represented by a union, and their employer that set pay, hours, benefits and workplace rules. For investors, these agreements matter because they lock in labor costs, affect operational flexibility and can influence profit margins and the risk of strikes—think of them as a multi-year operating manual that shapes a company’s expenses and stability.

BUFFALO, N.Y.--(BUSINESS WIRE)-- Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, today announced that its Board of Directors has elected Alex Collichio as Vice President. Mr. Collichio will continue to serve as Chief Administrative Officer.

"Alex has been an important contributor to Allient's continued evolution, bringing strong legal, human resources and organizational leadership experience to our team," said Dick Warzala, Chairman and CEO. "His appointment as Vice President reflects the Board's confidence in Alex and recognizes the value he brings to Allient as we continue to strengthen our One-Team culture, advance our strategic priorities and position the Company for long-term success."

Mr. Collichio joined Allient in July 2022 as Corporate Human Resources Director, assumed leadership of the Company’s Legal Department in March 2023 and was promoted to his current role of Chief Administrative Officer in March 2024. In these roles, he has helped lead several important initiatives across the organization, including transitioning the Company's health insurance program to a self-insured model that generated measurable savings, building an internal recruitment function that now produces more than 100 direct hires annually, and supporting operational integration and process standardization across multiple subsidiaries.

He also has played a key role in strengthening Allient's people, compliance and infrastructure capabilities, including modernizing performance management systems, enhancing employee resources and HR processes, and supporting labor matters tied to facility consolidations and collective bargaining agreements. These contributions have helped reinforce the Company's operational discipline and long-term growth platform.

Mr. Collichio is a New York State licensed attorney and has held the Senior Professional in Human Resources certification since 2015. He has served, in a voluntary charitable capacity, as a member of the Health Sciences Charter School Board of Directors since 2018 and has led the school's Personnel Committee since 2023. He earned a Bachelor of History degree from the State University of New York at Buffalo and a Juris Doctor from the State University at Buffalo Law School.

About Allient Inc.

Allient (Nasdaq: ALNT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, industrial automation, robotics, semi-conductor, transportation, agriculture, construction and facility infrastructure. A family of globally responsible companies, Allient takes a One-Team approach to “Connect What Matters” and provides the most robust, reliable, and high-value products and systems by utilizing its core Motion, Controls, and Power technologies and platforms.

Headquartered in Buffalo, N.Y., Allient employs more than 2,500 team members around the world. To learn more, visit www.allient.com.

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Investor Contacts:
Craig P. Mychajluk / Deborah K. Pawlowski
Alliance Advisors IR
716-843-3832 / 716-843-3908
cmychajluk@allianceadvisors.com
dpawlowski@allianceadvisors.com

Source: Allient Inc.