DCN Dana Cp

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. http://www.newscom.com/cgi-bin/prnh/19990903/DANA http://photoarchive.ap.org/ 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

Copyright