Dana appoints new leadership: R Bruce McDonald steps in as CEO and Chairman
Portfolio - People | Nov 26, 2024 | EIN
Dana has named R Bruce McDonald as its new Chairman and CEO, promptly succeeding James Kamsickas, who served the company for nearly a decade and is now retiring. The leadership transition is part of Dana's strategic vision to steer through a revolutionizing mobility industry, particularly emphasizing the electric vehicles (EV) transition. McDonald, boasting 30 years of industry leadership experience, brings considerable expertise in mergers and acquisitions. Previously, he has held key positions at Adient and Johnson Controls, and has been a member of Dana's Board of Directors since 2014. To ensure continuity, Kamsickas will remain an advisor to the company until 2025. This change is expected to support the company's aim of enhancing revenue growth and technology advancements across mobility markets.
Sectors
- Automotive
- Manufacturing
- Mergers and Acquisitions
Geography
- United States – Dana is a prominent company based in the United States, and the leadership change is relevant to U.S. corporate and industrial sectors.
Industry
- Automotive – The article discusses leadership changes within Dana, a firm within the automotive industry, emphasizing strategies around mobility and EV transitions.
- Manufacturing – R Bruce McDonald's extensive experience in manufacturing underpins Dana's strategic approach to advancing technology across its mobility products.
- Mergers and Acquisitions – R Bruce McDonald’s background includes significant expertise in mergers and acquisitions, impacting company strategy.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dana Incorporated | Target Company | Company | Dana Incorporated is a leader in the design and manufacture of drive and motion products for various mobility markets. |
| R Bruce McDonald | CEO and Chairman | Person | R Bruce McDonald has been appointed as the CEO and Chairman of Dana, with vast experience in the automotive and manufacturing sectors. |
| James Kamsickas | Retired CEO | Person | James Kamsickas is the outgoing CEO, having served Dana for nine years, and will retain an advisory role until 2025. |
| Keith Wandell | Lead Independent Director | Person | Keith Wandell is the Lead Independent Director at Dana, highlighting the strategic importance of leadership transition. |
| Adient | Former Company | Company | Adient is a global mobility supplier where R. Bruce McDonald formerly served as Chairman and CEO. |