Dana (NYSE:DCN)
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Michael J. Burns Named Chairman of Dana Corporation
Becomes Eighth Chairman in Company's 100-Year History
TOLEDO, Ohio, April 20 /PRNewswire-FirstCall/ -- Dana Corporation announced
today that its Board of Directors has named president and chief executive
officer Michael J. Burns to the additional post of chairman.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
Mr. Burns becomes the eighth chairman in Dana's 100-year history, succeeding
Glen H. Hiner, who had served in the position since the death of former Dana
Chairman and CEO Joe Magliochetti last September. Mr. Hiner will continue as a
director of Dana, a role he has served since 1993.
"The Dana Board of Directors is pleased to appoint Mike Burns chairman of Dana,
in keeping with our planned transition process," Mr. Hiner said. "Mike is an
outstanding leader who is exceptionally qualified to lead Dana through its
current transformation and into its second century."
Mr. Burns was named president and CEO of Dana in February after 34 years with
General Motors Corp., where he had most recently served as president of General
Motors Europe, based in Zurich, Switzerland. During his career with General
Motors, he held a variety of positions in operations, engineering,
administration, and sales before moving to GM Singapore in 1981 as operations
manager for Delco Electronics. After joining the GM Treasurer's Office in New
York, he was subsequently promoted to director of Overseas Financial Analysis.
He returned to Delco Electronics in 1987, where he advanced through a series of
increasingly responsible positions, eventually becoming GM vice president and
general manager of Delphi Delco Electronics Systems, a position he occupied
before his most recent role in Europe.
A native of Monticello, Ind., Mr. Burns earned a bachelor's degree in
Mechanical Engineering from Kettering University and a master's degree in
Business Administration from The Wharton School of the University of
Pennsylvania.
Dana Corporation is a global leader in the design, engineering, and manufacture
of value-added products and systems for automotive, commercial, and off-highway
vehicles. Delivering on a century of innovation, the company's continuing
operations employ approximately 45,000 people worldwide dedicated to advancing
the science of mobility. Founded in 1904 and based in Toledo, Ohio, Dana
operates technology, manufacturing, and customer-service facilities in 30
countries. Sales from continuing operations totaled $7.9 billion in 2003.
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DATASOURCE: Dana Corporation
CONTACT: Gary Corrigan of Dana Corporation, +1-419-535-4813, or
Web site: http://www.dana.com/
Company News On-Call: http://www.prnewswire.com/comp/226839.html