Simpson Elected Dana Corporation Chief Financial Officer

Dec 16, 1996


    TOLEDO, Ohio, Dec. 16 /PRNewswire/ -- John S. Simpson has been elected
Chief Financial Officer of Dana Corporation effective January 1, 1997.
Simpson, who will also become a member of Dana's Policy Committee, succeeds
James E. Ayers, who will retire after 33 years of service.
    "I am extremely pleased to welcome an individual with Jack's depth of
financial experience and knowledge to this key position," said Dana Chairman
and CEO Southwood J. Morcott.
    Simpson served as vice president of Finance and Treasurer of Dana in 1996.
Prior to his most-recent duties, Simpson completed a wide array of Dana
assignments, including serving as president of Dana Asia Pacific from late
1992 to 1995, living in Hong Kong.
    Simpson joined Dana in 1973 as controller of its Seco Electronics
operation in Lancaster, S.C.  In 1976, he moved to Dana's Industrial Power
Transmission Division as treasurer and, in 1978, he was appointed controller
of the Perfect Circle Products Division in Richmond, Indiana.  Simpson became
director of international finance for Dana in 1982, and vice president of
finance for Warner Electric in 1985.  He was named president of Dana's Diamond
Savings & Loan in 1987.  In 1992, Simpson was promoted to president of Dana
Asia Pacific.  He was appointed vice president of Finance and Treasurer of
Dana effective January 1, 1996.
    Simpson is a graduate of the University of Minnesota and has completed the
Harvard Business School Advanced Management Program, as well as management
programs at the University of Wisconsin and the University of California.  In
addition, he served in the United States Army, first in Korea and then as a
combat veteran in Vietnam.
    Dana Corporation is a global leader in the engineering, manufacture and
distribution of products and systems for the vehicular, industrial and mobile
off-highway markets.  Founded in 1904 and based in Toledo, Ohio, Dana operates
facilities in 29 countries with 45,000 people.  Its 1995 sales were
$7.6 billion.  Named in 1995 by Financial World magazine as one of the "Best
100 Growth Companies," Dana is noted for its style of management and its
commitment to innovation.  It has more than 38 product research and
development centers worldwide.  Dana also owns Dana Credit Corporation, a
leading provider of lease financing services and winner of the 1996 Malcolm
Baldrige National Quality Award.  Dana's home page is located at:
http://www.dana.com.

SOURCE  Dana Corporation

CONTACT: Gary Corrigan Director - Corporate Communications, of Dana
Corporation, 419-535-4813

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