UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Robert D. Pyle has notified Dana Incorporated (“Dana”) that he will resign his position as Executive Vice President and President of Light Vehicle Drive Systems, effective July 9, 2021.
Byron Foster, who most recently served as Dana’s senior vice president and chief commercial, marketing, and communications officer, will succeed Mr. Pyle as President, Light Vehicle Drive Systems.
A copy of the press release is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits. The following item is furnished with this report.
| Exhibit No. |
Description | |
| 99.1 | Dana Incorporated News Release dated June 28, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DANA INCORPORATED | ||||||
| Date: June 28, 2021 | By: | /s/ Douglas H. Liedberg | ||||
| Name: | Douglas H. Liedberg | |||||
| Title: | Senior Vice President, General Counsel and Secretary | |||||
Exhibit 99.1
IMMEDIATE
Dana Incorporated Announces Leadership Change
for its Light Vehicle Drive Systems Business
MAUMEE, Ohio, June 28, 2021 – Dana Incorporated (NYSE: DAN) today announced a leadership change for its Light Vehicle Drive Systems business.
Industry veteran Byron Foster, who most recently served as Dana’s senior vice president and chief commercial, marketing, and communications officer, will succeed Bob Pyle as president, Light Vehicle Drive Systems. Mr. Pyle announced that he will be leaving Dana, effective July 9, to accept a CEO position outside the mobility industry.
Mr. Foster previously served in senior executive roles at Johnson Controls, Inc., and Adient plc for more than two decades.
“Byron’s tremendous commercial and operational experience, coupled with his commitment to customer centricity, make him an ideal fit to lead our Light Vehicle business,” said James Kamsickas, Dana chairman and CEO. “I’d like to thank Bob for his leadership and service to Dana as he helps to ensure a smooth transition.”
Mr. Foster earned a Bachelor of Business Administration degree from the University of Michigan and a Master of Business Administration degree from Northwestern University.
About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions for all mobility markets across the globe. The company’s conventional and clean-energy solutions support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.
Based in Maumee, Ohio, USA, the company reported sales of $7.1 billion in 2020 with 38,000 associates in 33 countries across six continents. Founded in 1904, Dana was named one of “America’s Most Responsible Companies 2021” by Newsweek for its emphasis on sustainability and social responsibility. The company is driven by a high-performance culture that focuses on its people, which has earned it global recognition as a top employer, including “World’s Best Employer” from Forbes magazine. Learn more at dana.com.
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| Media Contact: | Jeff Cole +1-419-887-3535 jeff.cole@dana.com | |
| Investor Contact: | Craig Barber +1-419-887-5166 craig.barber@dana.com | |