American Driveline Systems, Inc. announced today that it has appointed Brett Ponton as President and CEO of the company, and its subsidiary corporations AAMCO Transmissions Inc., Cottman Transmission Systems, LLC, and Global Powertrain Systems, Inc. to take effect in September. Mr. Ponton brings over 20 years of senior management experience in the automotive service industry.
“Brett is a talented professional with extensive experience in the automotive service repair industry and a deep understanding of retail unit level economics. As the largest Jiffy Lube franchisee, he has an impressive track record of demonstrated success in growing revenue and profit and working closely and effectively with customers, suppliers, and employees,” said Brian Graff, Chairman of the Board of Directors for American Driveline Systems, Inc. “We’re very excited to have him join the company and look forward to its continued growth under his leadership.”
Prior to joining American Driveline Systems, Inc., Mr. Ponton was President and CEO of Heartland Automotive, the largest operator of Jiffy Lube stores in North America, with over 542 locations. Prior to Heartland Automotive in 2009, Mr. Ponton was an 18-year veteran of The Goodyear Tire & Rubber Company. During his tenure with Goodyear and its affiliates, Mr. Ponton led the 800-store Goodyear retail division and was at one time responsible for all marketing functions for Goodyear’s multi-billion dollar tire business in North America. Mr. Ponton also served as the Vice President and General Manager for the Asia Pacific Region of Veyance Technologies, a Carlyle Group portfolio company and a spinoff from Goodyear based in Shanghai, China and later operating in Melbourne, Australia, where Mr. Ponton had responsibility for running all Asian operations for this global company.
“I am very excited to join American Driveline and look forward to working with the Company’s franchisees and employees to build on the Company’s longstanding success, increase franchisee revenue and profitability, and roll out GPS to the market, ” said Mr. Ponton. “As leading brands in the general automotive repair sector, AAMCO and Cottman have a tremendous opportunity to bring highly valuable services to millions of consumers and generate profitable growth for the Company’s franchisees.”
ABOUT AMERICAN DRIVELINE SYSTEMS, INC.
American Driveline Systems, Inc. is the parent company of AAMCO Transmissions, Inc., Cottman Transmission Systems, LLC., and Global Powertrain Systems, Inc. and is majority owned by American Capital, Ltd. (Nasdaq: ACAS). The combined entities of American Driveline Systems, Inc. are proud to have served over 45 million drivers.