Allison Transmission Appoints CFO David Graziosi As President

Allison Transmission Holdings Inc ALSN, a manufacturer of fully-automatic transmissions for medium and heavy-duty commercial vehicles and defense vehicles, announced after Tuesday's market close the appointment of David Graziosi to the role of President.

Graziosi will also continue serving as Chief Financial Officer.

As President, Graziosi will also oversee Operations and Purchasing, Quality and Reliability, Legal/Corporate Affairs and Communications/Internal Audit, Human Resources, and Information Systems and Services.

Shares of Allison Transmission Holdings have lost nearly 25 percent of its value over the past year.