Dana Incorporated Announces Appointment of Byron Foster as Chief Executive Officer

Rhea-AI Summary

Dana Incorporated (NYSE: DAN) announced that Byron Foster will become Chief Executive Officer effective July 1, 2026, enabling a structured transition while R. Bruce McDonald remains Chairman of the Board. Foster currently leads Light Vehicle Systems and is credited with sales growth and margin improvement.

The company reported preliminary 2025 sales of $7.5 billion and operates in 24 countries with about 28,000 employees.

Positive

• CEO transition effective July 1, 2026
• Preliminary 2025 sales $7.5 billion
• Chairman R. Bruce McDonald remains in place
• Byron Foster led Light Vehicle Systems' sales growth

Negative

• None.

News Market Reaction – DAN

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-0.72% News Effect

On the day this news was published, DAN declined 0.72%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MAUMEE, Ohio, Feb. 12, 2026 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that its board of directors has appointed Byron Foster as Chief Executive Officer, effective July 1, 2026. This planned effective date allows for a structured transition period. R. Bruce McDonald, who has served as Chairman and CEO since 2024, will continue in his role as Chairman of the Board.

Mr. Foster currently serves as Senior Vice President and President of Light Vehicle Systems, Dana's largest business unit. He joined Dana in 2021 to lead the company's global commercial, marketing, and communications efforts and assumed his current role later that same year. Under his leadership, the Light Vehicle Systems business has delivered strong sales growth and profit margin improvement. Mr. Foster has more than two decades of senior leadership experience, including executive roles at Johnson Controls and Adient plc, and he serves on the board of directors of Wabtec Corporation. He holds a Bachelor of Business Administration from the University of Michigan and an MBA from Northwestern University.

"Byron is an exceptional leader with a deep understanding of our business, our customers, and the opportunities ahead. He has been a driving force behind Dana's transformation, playing a pivotal role in elevating our operations and delivering stronger results across the organization. His commercial, operational, and strategic expertise make him the ideal person to guide Dana through its next chapter of growth. I look forward to supporting him in my ongoing role as Chairman as he assumes leadership of the company," said R. Bruce McDonald, Chairman and current Chief Executive Officer.

"I am honored by the trust the board has placed in me and grateful for Bruce's leadership and support during this transition," said Byron Foster. "Dana has a powerful legacy of engineering excellence and a talented global team committed to delivering value to our customers across the light vehicle and commercial vehicle markets. I look forward to building on this strong foundation as we continue to innovate, grow, and position Dana for long‑term success."

About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that 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 preliminary sales of $7.5 billion in 2025 with 28,000 people in 24 countries across six continents. Learn more at dana.com.

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SOURCE Dana Incorporated

FAQ

When will Byron Foster officially become CEO of Dana (NYSE: DAN)?

Byron Foster will become CEO on July 1, 2026. According to Dana, the delayed effective date allows a structured transition with the current CEO remaining as chairman to support continuity.

What role will R. Bruce McDonald hold after the CEO change at Dana (DAN)?

R. Bruce McDonald will continue as Chairman of the Board after the transition. According to Dana, he will support the incoming CEO while stepping back from day-to-day executive duties.

What experience does Byron Foster bring to the CEO role at Dana (DAN)?

Byron Foster has over two decades of senior leadership experience, including roles at Johnson Controls and Adient. According to Dana, he led Light Vehicle Systems and served as senior VP for commercial, marketing, and communications.

How large is Dana's business and workforce as reported with the CEO appointment?

Dana reported preliminary 2025 sales of $7.5 billion with about 28,000 employees in 24 countries. According to Dana, these figures reflect the company's global footprint across mobility markets.

Will the CEO change affect Dana's Light Vehicle Systems business leadership?

Byron Foster currently serves as President of Light Vehicle Systems and will become CEO while maintaining familiarity with that unit. According to Dana, his promotion follows strong sales and margin improvement under his leadership.