Dana Incorporated Appoints Craig Price to Lead Off-Highway Business
Rhea-AI Summary
Dana Incorporated (NYSE: DAN) has appointed Craig Price as Senior Vice President and President of Dana's Off-Highway Drive and Motion Systems, effective September 1, 2024. Price succeeds Jeroen Decleer, who passed away earlier this month. With over 14 years at Dana, Price most recently served as Senior Vice President of Purchasing and Supplier Development. He brings extensive global expertise and a deep understanding of the mobility business to his new role.
Dana, based in Maumee, Ohio, is a leader in propulsion and energy-management solutions for vehicles and machines across all mobility markets. The company reported sales of $10.6 billion in 2023 and employs 42,000 people across 31 countries. Dana has been recognized as one of the "World's Most Ethical Companies" for 2023 and 2024 by Ethisphere and as one of "America's Most Responsible Companies 2023" by Newsweek.
Positive
- Appointment of experienced leader Craig Price to head Off-Highway business
- Dana reported strong sales of $10.6 billion in 2023
- Company recognized as one of the "World's Most Ethical Companies" for 2023 and 2024
Negative
- Unexpected loss of previous Off-Highway business leader Jeroen Decleer
News Market Reaction – DAN
In the trading session that priced this news, DAN declined 0.18%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Craig has been with the company for more than 14 years, eight of which he has been a member of Dana's leadership team, serving in strategic roles impacting every aspect of the business. Most recently as Senior Vice President of Purchasing and Supplier Development, he led all global purchasing activities for the company and was responsible for developing and deploying global supplier strategies that successfully supported the company-wide efficiencies that advanced operating priorities and most efficiently served Dana's customers.
"Craig is a results-driven, highly respected leader with a deep understanding of the mobility business, and specifically the Off-Highway business," said James Kamsickas, Dana Chairman and CEO. "He brings proven global expertise to this position and will play an important role in continuing the great work our Off-Highway team is doing to profitably grow the business by leveraging our capabilities across the organization and delivering on our commitments to customers and shareholders."
Craig joined Dana in 2010 from ArvinMeritor, where he served 19 years in a variety of strategic leadership roles. He earned a higher national diploma (HND) in mechanical and manufacturing engineering from The University of
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
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SOURCE Dana Incorporated