American Axle appoints new board member

DETROIT - American Axle & Manufacturing (NYSE: AXL), a prominent Tier 1 automotive supplier, has announced the appointment of Terry Grayson-Caprio to its Board of Directors, bringing her extensive financial and business strategy expertise to the company’s governance team.

Terry Grayson-Caprio, whose career spans over four decades, has notably served as a Managing Partner at KPMG LLP, one of the Big Four accounting organizations. Her tenure at KPMG, stretching over 10 years, has been marked by her work with global companies undergoing transformational change, growth, and integration. Her experience is expected to complement the existing skills on American Axle’s Board.

Grayson-Caprio’s background is rich with involvement in industrial markets, including automotive and advanced materials manufacturing, as well as consumer markets and international growth companies. She has a track record of guiding companies through phases of growth, acquisitions, and expansion. In addition to her new role at American Axle, she currently serves on the boards of Southern First Bancshares, Inc. and Caldwell Partners International, Inc.

American Axle & Manufacturing, headquartered in Detroit, is a leader in designing, engineering, and manufacturing Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles. The company operates over 75 facilities across 16 countries, focusing on accelerating the advent of a safer and more sustainable future in the automotive and mobility sector.

David C. Dauch, AAM’s Chairman and CEO, expressed confidence in Grayson-Caprio’s addition to the board, highlighting her financial acumen and her experience with global companies as assets that will strengthen the board’s capabilities.

This appointment comes as American Axle continues to navigate the evolving automotive industry, with a particular emphasis on technologies that support the transition to electric and hybrid vehicles. The company’s strategic focus is on innovation and sustainability, which are critical factors in the industry’s ongoing transformation. Trading near its 52-week low with an EV/EBITDA ratio of 3.78x, InvestingPro analysis suggests the stock may be undervalued relative to its peers. Subscribers can access over 10 additional ProTips and comprehensive financial metrics to make more informed investment decisions.

The information for this article is based on a press release statement from American Axle & Manufacturing.

In other recent news, American Axle & Manufacturing Holdings Inc. reported their fourth-quarter 2024 earnings, showing a better-than-expected adjusted EPS of -$0.06, surpassing the forecasted -$0.12. Despite a slight revenue shortfall, with $1.38 billion compared to the expected $1.39 billion, the company maintained strong operational performance, achieving full-year sales of $6.1 billion and an adjusted EBITDA of $749 million. Additionally, American Axle announced significant progress in its acquisition of Dowlais Group plc, reaching a regulatory milestone under the Hart-Scott-Rodino Antitrust Improvements Act. This acquisition is part of American Axle’s strategic initiatives to expand its operations, particularly in response to the industry’s shift toward electric and hybrid vehicles. The merger aims to enhance American Axle’s global capabilities by combining its expertise with Dowlais’s complementary strengths. Analysts have noted the company’s resilience and strategic positioning, with firms like Bank of America and Deutsche Bank showing interest in the merger’s potential synergies. These developments reflect American Axle’s efforts to navigate the evolving automotive landscape and strengthen its market position.

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