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Allison Transmission Elects D. Scott Barbour to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Allison Transmission (NYSE: ALSN) has announced the election of D. Scott Barbour to its Board of Directors, following the 2022 annual meeting of stockholders. Barbour is the CEO of Advanced Drainage Systems and brings extensive leadership experience in manufacturing. He will serve on the Audit and Compensation Committees, increasing the Board to ten members. His term expires at the 2023 annual meeting. Barbour’s expertise in operational improvement and strategic repositioning could enhance Allison’s focus on innovative vehicle propulsion solutions.
Positive
D. Scott Barbour's election to the Board may bring fresh leadership and manufacturing expertise.
Barbour's background in strategic repositioning could aid in new growth initiatives.
Negative
Concerns about continuity and experience gaps with the addition of a new Board member.
INDIANAPOLIS--(BUSINESS WIRE)--
Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced that D. Scott Barbour has joined its Board of Directors following a successful election at the 2022 annual meeting of stockholders.
Scott Barbour elected to Allison Transmission's Board of Directors. (Photo: Business Wire)
Barbour serves as the Chief Executive Officer and President of Advanced Drainage Systems, Inc. (ADS), a manufacturer of water management solutions in the stormwater and on-site septic wastewater industries, a position he has held since September 2017. Under his leadership, ADS completed a transformative acquisition in an adjacent market and repositioned itself as a pureplay water management company. Barbour refocused ADS’ resources and capital on operational improvements to drive customer satisfaction and continuous improvement while also building out the marketing, product development and material science capabilities of the company. During his tenure, Barbour has led the establishment of the ADS Foundation, giving the company an avenue to provide aid to causes that align with its Environmental, Social and Governance priorities—water, recycling and community.
“We are pleased to welcome Scott as the newest member of Allison’s esteemed Board of Directors,” said David S. Graziosi, Chairman & Chief Executive Officer, Allison Transmission. “As the commercial vehicle industry evolves, we remain committed to manufacturing leading propulsion solutions that Improve the Way the World Works. Scott’s strong leadership along with his extensive experience in manufacturing will make him a valuable asset to Allison and our Board.”
Prior to joining ADS, Barbour held several leadership positions at Emerson Electric Co., a global technology and engineering company that provides solutions for customers in industrial, residential and commercial markets. He earned a Bachelor of Science in Mechanical Engineering from Southern Methodist University and a Master of Business Administration from the Owen Graduate School of Management, Vanderbilt University.
The election of Barbour increases the size of Allison’s Board to ten members. He will serve on the Board’s Audit and Compensation Committees. His current term will expire at the 2023 annual meeting of stockholders.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
