Lawrence E. Dewey, a mechanical engineer by education, became the CEO of Allison Transmission Holdings, Inc. in 2007, after the company's sale to Carlyle and Onex. With over 40 years of experience in the automotive sector, he’s held various roles...

Lawrence E. Dewey, a mechanical engineer by education, became the CEO of Allison Transmission Holdings, Inc. in 2007, after the company's sale to Carlyle and Onex. With over 40 years of experience in the automotive sector, he’s held various roles at Allison since joining in 1989, from production manager to president. Under his leadership, the company expanded its market reach and increased its efficiency in the competitive vehicle transmission industry. Interestingly, Dewey announced his retirement as CEO, effective June 1, 2018, but he remains active as a director and serves as Chairman Emeritus. Despite a significant drop in his compensation after retirement, he previously earned over $7 million in total compensation in 2017 alone, showcasing the value he brought to the company during his tenure. Beyond his executive roles, Dewey has been involved in substantial insider trading, with his holdings fluctuating significantly over the years, peaking at around $11 million in late 2019. His deep-rooted knowledge and strategic decisions played a crucial role in Allison's growth and ongoing legacy in the automotive world.