Dana Appoints Mark Wallace President of Operational Excellence

TOLEDO, Ohio, Oct. 22 /PRNewswire-FirstCall/ -- Dana Holding Corporation (NYSE: DAN) today announced that Mark Wallace has joined the company as president of Operational Excellence. In this capacity, he will focus on operational planning, process engineering, and manufacturing footprint optimization (MFO).

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"Mark is a proven leader with the ideal background to enable our people to build world-class manufacturing operations through the new Dana Operating System," said Dana Chief Executive Officer Gary Convis. "We are pleased to welcome Mark to Dana's leadership team."

Wallace comes to Dana after nearly 20 years in the automotive industry. He spent more than a decade in leadership roles at subsidiaries of Webasto A.G., a leading supplier of open roof systems and thermosystems. Most recently, Wallace served as president and CEO of Webasto Products N.A.; other positions included COO, general manager, and plant manager. Among his achievements at Webasto were: standardized production systems (based on the Toyota Production System), a stronger product development process, solid business growth, and customer recognition for the company's North American manufacturing plants. Prior to joining Webasto, Wallace worked in various quality and production positions at Magna International and Cooper Automotive.

Wallace earned a Bachelor of Science degree in industrial engineering and Master of Business Administration from the University of Tennessee.

About Dana Holding Corporation

Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off- highway markets, which collectively produce more than 70 million vehicles annually. Based in Toledo, Ohio, the company's operations employ approximately 32,000 people in 26 countries and reported 2007 sales of $8.7 billion. For more information, please visit: http://www.dana.com/ .

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SOURCE: Dana Holding Corporation

CONTACT: Chuck Hartlage of Dana Holding Corporation, +1-419-535-4728

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

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