Dana Board of Directors Names Keith E. Wandell Non-Executive Chairman
Company to Pay Dividend on Common Stock
Oct 27, 2016
MAUMEE, Ohio, Oct. 27, 2016 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its board of directors has elected Keith E. Wandell non-executive chairman, a role in which he has served in an interim capacity since the death of Joseph C. Muscari, former non-executive chairman, in September. Mr. Wandell joined Dana's Board in 2008 and previously served as non-executive chairman from 2011 to 2012.
Mr. Wandell served as president and chief executive officer of Harley-Davidson, Inc., from 2009 to 2015 and as chairman from 2012 to 2015. He previously was president and chief operating officer of Johnson Controls, Inc., from 2006 to 2009 and executive vice president and president of the Automotive & Battery division from 2003 to 2006. Mr. Wandell also serves as chairman of Exide Technologies and is currently a member of the boards of Constellation Brands, Inc., and Dover Corporation.
In addition, the Board reaffirmed the following committee chairpersons:
- Virginia A. Kamsky, Nominating and Corporate Governance Committee
- R. Bruce McDonald, Audit Committee
- Keith E. Wandell, Compensation Committee
The company also announced today that the board declared a quarterly dividend on common stock of $0.06 per share, payable Dec. 2, 2016, to holders of Dana common stock as of Nov. 11.
About Dana Incorporated
Dana is a world leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities. Founded in 1904 and based in Maumee, Ohio, the company employs more than 23,000 people in 25 countries on six continents. In 2015, Dana generated sales of nearly $6.1 billion. Forbes Magazine has again selected Dana as one of America's 100 Most Trustworthy Companies. For more information, please visit dana.com.
SOURCE Dana Incorporated
For further information: Jeff Cole, +1-419-887-3535, [email protected]