Dana appoints new CEO and President

Wood is a long-time employee of BorgWarner Inc., where he has been an Executive Vice President, and Group President and General Manager of its Engine Group. John Devine, Dana's Executive Chairman, who also has been serving as interim CEO, has elected to retire on 30 June 2011. At that time, Keith Wandell, Lead Independent Director of Dana's Board, will become Non-Executive Chairman of the Board. In addition, Wood will be a member of Dana's Board of Directors.