Allison Transmission announced the promotions of Avery Sheets to executive director, North America regional sales and national accounts, and Alex Schey to executive director, global marketing and external communications. Additionally, Ashwin Gopalaswamy will assume the role of executive director, global channel aftermarket and warranty, and Shawn Wasson will become the managing director – North America OEM sales.
“We are pleased to announce these leadership appointments that reflect our commitment to fostering a culture of excellence, focused execution and customer engagement,” said John Coll, senior vice president marketing sales & service (MSS). “Avery, Alex, Ashwin and Shawn each will bring a wealth of experience and a deep understanding of our business. Their diverse perspectives and well-rounded backgrounds are crucial in capturing our global customers’ wants and needs, creating differentiated value propositions and growing our overall business.”
Avery Sheets: Executive Director, North America Regional Sales and National Accounts
In his new role, Sheets will lead the U.S., Canada and Mexico regional sales teams, working closely with the North America distribution channel to engage commercial vehicle end user fleets and dealers. His responsibilities will include delivering sales growth and market share results and accelerating organizational development. Sheets’s deep understanding of the market and his proven leadership skills make him an ideal choice for this critical role.
Alex Schey: Executive Director, Global Marketing and External Communications
In this role, Schey will lead a team of marketing and external communication leaders around the world. They will work together to increase revenue, volume and market share in line with Allison’s corporate strategy. He will act as the steward of the Allison brand, from capturing market and customer insights to delivering a differentiated value proposition across Allison’s product portfolio. Schey’s extensive global experience in marketing, entrepreneurial startups, product development and engineering make him an ideal leader for this global role.
Ashwin Gopalaswamy: Executive Director, Global Channel, Aftermarket and Warranty
Gopalaswamy will be responsible for the Aftermarket end market for Allison. He will also be the leader of the Global Allison channel network, responsible for managing the company’s independent distributor performance and alignment with Allison goals. In addition, Gopalaswamy will oversee global technical assistance and warranty management. His extensive experience in global sales, channel management and aftermarket operations will be instrumental in driving the company’s strategic initiatives.
Shawn Wasson: Managing Director – North America OEM Sales
Wasson will manage relationships with key North America vocational OEMs, distributor-managed OEMs and key body builders. His responsibilities will include sales, product strategy as well as sales and operations planning. His strong background in OEM sales and strategic planning will be crucial in advancing Allison’s market position.
First Quarter 2025 Results
Allison Transmission Holdings also recently reported first quarter net sales of $766 million, with top-line performance driven by strength in the North America On-Highway and Defense end markets.
David S. Graziosi, chair and chief executive officer of Allison Transmission, commented, “Allison is well-positioned to navigate current trade uncertainties, utilizing our global footprint to provide our North American customers with Made in USA products while supplying our Outside North America customers with on-highway products produced outside North America.”
Graziosi continued, “Allison remains committed to prudent balance sheet management and shareholder-friendly capital allocation priorities, as demonstrated by the sixth consecutive annual increase to our quarterly dividend and a $1 billion increase in authorization under our stock repurchase program. During the first quarter, we repurchased over $150 million of our common stock representing nearly 2% of outstanding shares. We ended the first quarter with nearly $1.4 billion of authorization remaining.”
First Quarter Financial Highlights
Net sales for the quarter were $766 million. Year over year results by end market include:
- A $15 million increase in net sales in the North America On-Highway end market principally driven by price increases on certain products and continued strength in Class 8 vocational trucks, partially offset by lower demand for medium-duty trucks
- A $5 million increase in net sales in the Defense end market principally driven by price increases on certain products
- A $3 million decrease in net sales in the Outside North America On-Highway end market principally driven by lower demand in Europe
- A $12 million decrease in net sales in the Service Parts, Support Equipment and Other end market principally driven by lower demand for service parts and support equipment, partially offset by price increases on certain products
- A $28 million decrease in net sales in the Global Off-Highway end market principally driven by lower demand from the energy, mining and construction sectors outside of North America
Net income for the quarter was $192 million. Diluted EPS for the quarter was $2.23. Adjusted EBITDA, a non-GAAP financial measure, for the quarter was $287 million. Adjusted EBITDA margin, a non-GAAP financial measure, for the quarter was 37.5%. Net cash provided by operating activities for the quarter was $181 million. Adjusted free cash flow, a non-GAAP financial measure, for the quarter was $155 million.
Click here to view the Q1 press release and reconciliation tables.
