Dana Corporation Announces Organizational Changes in Commercial Vehicle & Off-Highway Operations

TOLEDO, Ohio, Dec. 15 /PRNewswire-FirstCall/ -- Dana Corporation (NYSE: DCN) today announced a pair of organizational changes within its global commercial vehicle and off-highway businesses.

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Bernard N. "Nick" Cole, president of Dana's Heavy Vehicle Technologies and Systems Group, has elected to retire after 37 years of service to the company.

Mr. Cole, who most recently was responsible for Dana's global commercial vehicle and off-highway operations, will retire at the end of this year.

"For nearly four decades, Nick Cole has served the Dana Corporation and its customers in a variety of global disciplines and assignments," said Dana chairman and CEO Michael J. Burns. "On behalf of the entire Dana organization, I want to thank Nick for his service and extend our best wishes in his retirement."

In conjunction with Mr. Cole's retirement, Nick Stanage has been named president, Heavy Vehicle Products. In this expanded role, Mr. Stanage will continue to lead Dana's commercial vehicle business and will assume overall responsibility for coordination of the company's global off-highway operations.

Mr. Stanage joined Dana in August 2005 as vice president and general manager, Commercial Vehicle Group. He came to Dana after nearly 20 years at Honeywell, Inc., where he most recently served as vice president and general manager of the Engine Systems and Accessories division, which is associated with the company's aerospace operations. He began his career with Honeywell in 1986 as an engineer. His subsequent roles at Honeywell included serving marketing manager for Aerospace Equipment Systems, director of Engineering and Program Management, vice president of Operations, and vice president of Integrated Supply Chain and Technology for the company's Consumer Products Group, which produces a variety of automotive products. He began his career as an engineer with Clark Equipment Company.

"I am confident that Nick's outstanding combination of technical, industrial, and leadership capabilities will serve these businesses and our customers well as we move forward," Mr. Burns said.

Dana people design and manufacture products for every major vehicle producer in the world. Dana is focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. A leading supplier of axle, driveshaft, engine, frame, chassis, and transmission technologies, Dana employs 46,000 people in 28 countries. Based in Toledo, Ohio, the company reported sales of $9.1 billion in 2004. Dana's Internet address is: http://www.dana.com/.

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SOURCE: Dana Corporation

CONTACT: Todd M. Romain of Dana Corporation, +1-419-535-4727, or
todd.romain@dana.com

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

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