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American Axle & Manufacturing Names David B. Walker to Board of Directors.
ByAinvest
Monday, Aug 11, 2025 5:01 pm ET1min read
American Axle & Manufacturing (AAM) has appointed David B. Walker to its Board of Directors. Walker is a retired Vice Chairman of Investment Banking at J.P. Morgan, bringing 35 years of experience in advising companies worldwide. His skills in financing, strategy, acquisitions, and investment opportunities will complement the Board's existing expertise. AAM's Chairman and CEO, David C. Dauch, welcomed Walker, highlighting his valuable experience in strengthening business profiles.
American Axle & Manufacturing (AAM) has appointed David B. Walker to its Board of Directors. Walker, a retired Vice Chairman of Investment Banking at J.P. Morgan, brings 35 years of experience in advising companies worldwide. His skills in financing, strategy, acquisitions, and investment opportunities will complement the Board's existing expertise. AAM's Chairman and CEO, David C. Dauch, welcomed Walker, highlighting his valuable experience in strengthening business profiles.Walker, who retired from J.P. Morgan in June 2025, served in various leadership roles, including Head of J.P. Morgan’s Automotive Group and Global Co-Head of J.P. Morgan’s Diversified Industries Group. He currently serves on the board of The Arc of Westchester Foundation. With 35 years of business experience, Walker is a valued business strategist [1].
AAM is a leading global Tier 1 Automotive and Mobility Supplier, designing, engineering, and manufacturing driveline and metal forming technologies for electric, hybrid, and internal combustion vehicles. The company operates more than 75 facilities across 15 countries and is headquartered in Detroit [2].
In other recent news, American Axle & Manufacturing Holdings announced that its stockholders have approved the company’s proposed acquisition of Dowlais Group plc. This approval marks a significant milestone toward finalizing the transaction, with Dowlais shareholders set to vote on the merger in July 2025. Additionally, American Axle has revealed plans to increase its authorized shares of common stock from 150 million to 375 million to facilitate this acquisition [2].
UBS has upgraded American Axle’s stock from Neutral to Buy, citing the extended longevity of core programs such as General Motors’ full-size truck/SUV platform. This upgrade also comes with an increased price target, reflecting positive expectations for the company [2].
References:
[1] https://www.aam.com/media/story/aam-names-david-b.-walker-to-board-of-directors
[2] https://za.investing.com/news/company-news/american-axle--manufacturing-appoints-former-jp-morgan-exec-to-board-93CH-3829607
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