Allison President David Graziosi to Become CEO in June

Allison Transmission Holdings Inc. announced that President and Chief Financial Officer David Graziosi will succeed Lawrence Dewey as CEO on June 1, 2018.

Dewey is the longest-serving head of the company in its more than 100-year history, having joined it in 2007, according to Allison.

“Dave has been instrumental in all aspects of our financial management from day one, and, as he has taken on the responsibilities of president, he has led each of his functional groups to successfully implement a variety of initiatives to improve our business,” Dewey said in a statement.

Graziosi

Graziosi joined Indianapolis-based Allison as executive vice president, CFO and treasurer in November 2007, shortly after the sale of Allison Transmission by General Motors to The Carlyle Group and Onex Corp. Allison ultimately launched an IPO in March 2012. Graziosi was named president in 2016, according to the company.

“This was not a surprise given that back in December Allison communicated to the street Dewey’s intention to retire and the current CFO has a very strong track record within Allison,” Jamie Cook, an analyst with Credit Suisse, wrote in a note to investors.

A search for a new chief financial officer will begin, according to the company, which manufactures fully automatic transmissions for medium- and heavy-duty commercial vehicles and hybrid-propulsion systems for city buses.