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AAMCO Appoints New CFO and VP of
Finance
Horsham, PA – July 7, 2006 -
Mike Sumsky has been appointed Chief Financial
Officer and Vice President, Finance for American
Driveline Systems, Inc. and its subsidiary
corporations AAMCO Transmissions, Inc. and
Cottman Transmission LLC. Mr. Sumsky will direct
all finance and accounting functions,
Information Technology, and Human Resources for
the company.
“We are pleased to
attract a talented financial executive like Mike
Sumsky,” says CEO and President Todd Leff. “Mike
will concentrate on automating the accounting
functions and systems, consolidating finance
operations and ensuring that American Driveline
stays at the forefront of technology in
information management.”
Mr. Sumsky joins American Driveline after ten
years at Diamond Triumph Auto Glass, the
nation’s second largest auto glass replacement
company. He most recently served as President
and CFO of Diamond Triumph, which has over 260
company owned service centers and 1800
employees.
At Diamond Triumph, Mr. Sumsky spearheaded the
automation of the company’s fiancne and point of
sale systems and developed pricing programs
which helped the company grow from $60 million
in sales to over $225 million in just 10 years.
He was instrumental in growing this family-owned
business into a national business, ultimately
transitioning the company to private equity
ownership.
Prior to Diamond Triumph, Mr. Sumsky served as a
senior finance executive at Emerson Radio
Corporation for six years. He began his finance
career at Arthur Young and Company, a large
international public accounting firm.
“I am thrilled to join the world class
management team at American Driveline,” says Mr.
Sumsky. “The combination of two great automotive
aftermarket names like AAMCO and Cottman
presents tremendous opportunities for growth.”
Mr. Sumsky holds a law degree from Seton Hall
University and obtained his undergraduate degree
from Montclair State University.
About AAMCO Transmissions and American Driveline
Systems
AAMCO Transmissions is the world’s largest chain of
transmission specialists and one of the leaders
in complete car care services. Established in
1963, AAMCO has nearly 800 automotive centers
throughout the United States, Canada and Puerto
Rico. For more information, visit
www.aamco.com.
American Driveline Systems is the parent company of
both AAMCO Transmissions and Cottman
Transmission, and is majority owned by American
Capital Strategies. The combined entities of
American Driveline Systems have more than 6,000
team members and are proud to have served over
35 million drivers.
American Capital is a publicly traded buyout and
mezzanine fund with capital resources of $8.9
billion. American Capital invests in and
sponsors management and employee buyouts,
invests in private equity buyouts, provides
capital directly to early stage and mature
private and small public companies and through
its asset management business is a manager of
debt and equity investments in private
companies. American Capital provides senior
debt, mezzanine debt and equity to fund growth,
acquisitions, recapitalizations and
securitizations. American Capital invests up to
$400 million per company. |
