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SEARCHMary Petrovich, a former CEO of AxleTech from 2002-2011, will rejoin the firm as executive chairman. Joe Mejaly, who joined the company in May 2014 as general manager, will serve as AxleTech International’s CEO.
Global alternative asset manager The Carlyle Group acquired AxleTech International headquartered in Troy, Michigan. The Carlyle Group previously owned AxleTech from 2005-2008, when it was sold to General Dynamics.
Mary Petrovich, a former CEO of AxleTech from 2002-2011, will rejoin the firm as executive chairman. Joe Mejaly, who joined the company in May 2014 as general manager, will serve as AxleTech International’s CEO under Carlyle.
AxleTech International is a supplier of off-highway and specialty vehicle drivetrain systems and components to OEMs and the aftermarket. They serve commercial and defense customers globally.
“I am eager to work with Joe, who brings a wealth of experience in off and on highway products, with strong skills in the aftermarket,” said Petrovich. “Joe will drive the business to ensure satisfied customers with a singular perspective committed to its unique market and capabilities.”
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