AxleTech adds to executive team

AxleTech announced two new additions to its executive leadership team Monday, adding Rick Larkin as CFO and Mike Semke as vice president of global pricing and program management.

According to the company, Larkin will oversee accounting, treasury, tax, and strategic financial planning and reporting. He brings 35 years of financial and executive management experience in technology, transportation, and manufacturing industries to AxleTech, and most recently served as managing director at Angle Advisors, a boutique investment banking firm.

Semke returns to AxleTech to lead the program management team, which is responsible for managing new programs from initial customer requests to product launches and is responsible for developing a global cost and pricing structure, the company says. 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,” says Bill Gryzenia, CEO at AxleTech.

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