AxleTech, a powertrain technology company for heavy-duty vehicles, has announced two new additions to its executive leadership team.
Rick Larkin joins AxleTech as chief financial officer, overseeing accounting, treasury, tax and strategic financial planning and reporting. Larkin brings more than 35 years of financial and executive management experience in technology, transportation and manufacturing industries to AxleTech. He most recently served as managing director at Angle Advisors, a boutique investment banking firm, where he provided a variety of merger and acquisition advisory services. Prior to joining Angle Advisors, Larkin was a partner at GR Investment Group, a private equity firm, responsible for acquisition and divestiture activities, financial management and overseeing all portfolio investments.
Mike Semke returns to AxleTech as vice president of global pricing and program management. Under his leadership, the program management team is responsible for managing new programs from initial customer requests to product launches. He also is responsible for developing a global cost and pricing structure. Semke has more than 20 years of experience in drivetrain and powertrain technology. He previously led program management and pricing functions at Fabco Automotive and Meritor.
“As we continue to invest in new powertrain technologies, including electric vehicles, we are focused on developing our team to support significant growth. Rick and Mike’s roles are key in the success of AxleTech; they bring energy, extensive industry experience and leadership in their respective fields,” said Bill Gryzenia, CEO, AxleTech.