Dana Chairman & CEO Joe Magliochetti Passes Away

Sep 23, 2003

                Board Names Acting Chairman, Acting President

    TOLEDO, Ohio, Sept. 23 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) announced today that Joe Magliochetti, the company's Chairman and
Chief Executive Officer, passed away Monday evening.  The cause was
complications from pancreatitis, for which he had been hospitalized the past
two weeks.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    This morning the company's Board of Directors named Glen Hiner, one of
Dana's longest serving directors, acting chairman.  Mr. Hiner will continue as
chairman of the Board's Committee of Independent Directors.  The Board also
named Bill Carroll acting president.  Mr. Carroll, president of Dana's
Automotive Systems Group and a 34-year veteran of the company, will also
continue in his previously announced role as acting chief operating officer.
    "Joe Magliochetti was a wonderful man, not only respected but also beloved
by his friends and colleagues," said Mr. Hiner.  "All of us at Dana are
profoundly saddened by his loss, and our thoughts and prayers are with Joe's
    "Joe served with great distinction for more than three decades and was an
outstanding leader.  He built a culture of integrity and a strong
organizational structure.  He leaves behind an accomplished management team,
which continues to have the full support of the Board of Directors as it
pursues the strategic course Joe forged," Mr. Hiner said.
    Added Mr. Carroll, "I had the honor of working with Joe for more than 30
years.  He was a remarkable person, a true leader, and a great friend.  He
will be sorely missed."
    Mr. Magliochetti began his Dana career as a management trainee in 1966 and
served the company for 37 years, culminating in his election as Dana's sixth
chairman in 2000.  During the early 1980s, he served as president of Dana
Europe, with responsibility for all operations in Europe and the Middle East.
In 1985, he returned to the United States as group vice president of North
American Operations.  He was promoted to president of Dana Corporation in
1996, and was elected to the company's Board of Directors later that year.  In
1997, he was elected Chief Operating Officer.  Mr. Magliochetti was named
President and Chief Executive Officer in 1999, and chairman in 2000.
    Along with his service to Dana, Mr. Magliochetti played a leadership role
in many business and civic initiatives -- both locally and nationally.  He
served on the board of directors of BellSouth and CIGNA Corporation.  He was
also a member of the U.S. Business Roundtable and its Policy Committee, and a
member and former chairman of the Motor and Equipment Manufacturers
Association (MEMA) board of directors.  He served on the board of the National
Association of Manufacturers (NAM) and was a member of the U.S.-Japan Business
Council and the MEMA/JAMA Liaison Committee to cultivate automotive trade
relations with Japan.  In 2002, Mr. Magliochetti was awarded the Automotive
Hall of Fame Distinguished Service Citation in honor of his contributions to
the motor vehicle industry, as well as the MEMA Triangle Award, which
recognized his leadership and advocacy on behalf of the automotive industry.
    Locally, Mr. Magliochetti was actively involved in numerous community
organizations, including the United Way of Greater Toledo, for which he served
as the 2002 Toledo-Area Campaign Chairman.  He also served as chairman of the
Toledo Symphony board and was a member of the board of directors of the Toledo
Museum of Art and Center of Science and Industry (COSI).
    Mr. Magliochetti is survived by his wife, Kathy; three children; and one
    Dana Corporation is a global leader in the design, engineering, and
manufacture of value-added products and systems for automotive, commercial and
off-highway vehicle manufacturers and their related aftermarkets.  The Company
employs approximately 60,000 people worldwide.  Founded in 1904 and based in
Toledo, Ohio, Dana operates hundreds of technology, manufacturing, and
customer service facilities in 30 countries.  The company reported 2002 sales
of $9.5 billion.

SOURCE Dana Corporation

Web Site: http://www.dana.com

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