Dana Holding Corporation Names James E. Sweetnam President & Chief Executive Officer
27 Maggio 2009 - 5:00PM
PR Newswire (US)
TOLEDO, Ohio, May 27 /PRNewswire-FirstCall/ -- Dana Holding
Corporation (NYSE:DAN) today announced that James E. Sweetnam, 56,
has been named president and chief executive officer, and will be
appointed to the Dana Board of Directors. Sweetnam comes to Dana
after more than 11 years at Eaton Corporation (NYSE:ETN), where he
most recently served as president of the company's global Truck
Group. (Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
In conjunction with the appointment of Sweetnam as president and
CEO, Dana announced that John Devine, who most recently served as
chairman and CEO, will continue as executive chairman moving
forward. "We are very excited that Jim has decided to join the Dana
leadership team," Devine said. "He has a tremendous track record of
success internationally. His deep knowledge of our business,
especially the commercial vehicle segment, will ensure a brief and
smooth transition for him. I look forward to working with Jim to
address the challenges and opportunities in our business today."
"Dana has an impressive array of global customer relationships,
solid product and market diversity, and a wonderful base of
talented employees," Sweetnam said. "I look forward to working with
the people of Dana to lead the company's growth and resurgence." At
Eaton, a global $15.4 billion diversified industrial manufacturer,
Sweetnam led the company's $2.3 billion truck business, which
manufactures, markets, and sells transmissions, clutches, and
drivetrain systems to global truck OEMs. He joined Eaton in 1997 as
vice president and general manager of the company's Heavy-Duty
Transmission Division, Truck. In 2000, Sweetnam was named vice
president, Operations, Heavy-Duty Transmission Clutch and
Aftermarket, Truck. From 2001 to 2008, he served as senior vice
president and president, Truck Group. Prior to joining Eaton,
Sweetnam spent 10 years at Cummins Engine Company where he served
in a variety of significant roles, including president of Cummins
Electronics Company and group managing director of Holset
Engineering Co., Ltd., Cummins' U.K.-based global turbo charger
business. From 1977 to 1985, Sweetnam served in a variety of
managerial roles for Canadian Liquid Air Ltd. in Montreal, Quebec,
and Calgary, Alberta. From 1975 to 1977, he served as a
construction engineer and product and operations engineer with Air
Products & Chemicals in Allentown, Pa., and Sao Paulo, Brazil.
He began his career as a civil engineer at Olko Engineering in New
York, N.Y. Sweetnam earned a Bachelor of Science degree in applied
science and engineering from the U.S. Military Academy at West
Point and an MBA degree from Harvard University. He is a board
member of The Lubrizol Corporation, a specialty chemical company
based in Wickliffe, Ohio, and the board of trustees for ideastream,
a public service multi-media organization based in Cleveland, Ohio.
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. Based in Toledo, Ohio, the company employs
approximately 24,000 people in 26 countries and reported 2008 sales
of $8.1 billion. For more information, please visit:
http://www.dana.com/.
http://www.newscom.com/cgi-bin/prnh/19990903/DANADATASOURCE: Dana
Holding Corporation CONTACT: Chuck Hartlage of Dana,
+1-419-535-4728 Web Site: http://www.dana.com/
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