Allison Transmission Announces Chief People Officer, Lorraine Parker-Clegg
INDIANAPOLIS, October 7, 2020 – Allison Transmission is pleased to announce that Lorraine Parker-Clegg joined the company as Chief People Officer in Human Resources on October 5, 2020. She will be responsible
for the Global Human Resources agenda in support of the worldwide Allison team. Lorraine has extensive experience both internationally and in the United States. Most recently, she served as Chief Human Resources Officer with Doncasters
Group Ltd. based in the United States and headquartered in the United Kingdom. Doncasters is a manufacturer of high precision alloy components designed to operate in demanding conditions, serving OEMs that manufacture aircraft engines, industrial
gas turbines and specialist automotive products.
Prior to Doncasters, Lorraine held leadership positions with Medtronic and Covidien (acquired by Medtronic). Her assignments included four years supporting the growth plan for the fast-evolving Emerging Markets unit as Vice President, HR with over
4,500 employees. Lorraine’s second assignment, based in Singapore, included the development of a new Asia Pacific human resources team as the company was merging two regional organizations to a workforce of 6,000 employees. The focus areas
for both assignments included foresight in workforce planning, better visibility of the talent needed to provide industry leadership and commercial excellence, while ensuring an inclusive culture to drive engagement and innovation. These experiences
will serve her well as she supports the Allison team and pursuit of further global growth.
Prior experience includes an assignment with B/E Aerospace Fastener and Consumables Management in Florida and a 16-year tenure with Bristol-Myers Squibb Company. This included roles as Director of Talent Acquisition in New Jersey, Director of Human
Resources in Paris, France, Director Human Resources in Prague, Czech Republic and the United Kingdom. Her career originated in sales following the completion of her Bachelor of Arts degree in Sports Studies at Sheffield Hallam University. Lorraine
is a Chartered Fellow of the Institute of Personnel and Development.
Lorraine commented, “I am honored and excited to join the team and to be able to contribute to the continued pursuit of excellence in the people practices of the organization and in support of Allison’s long tradition of a commitment to innovation
Lorraine embodies a collaborative spirit, exudes enthusiasm, appreciates manufacturing and focuses on building strong teams. She is a well-developed, commercially experienced human resources professional with broad business and global experience
across multiple industries and we welcome her to our organization.
07 Oct, 2020
About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and is a leader in electric hybrid-propulsion systems for city buses. Allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA and employs approximately 2,700 people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.