Dana Holding Corp. has appointed Roger J. Wood CEO, effective April 18. He will also become a member of Dana’s board. Wood, a long-time executive at BorgWarner, Inc., had been an executive vp and group president there as well as general manager of its Engine Group.
He will replace John Devine, who is retiring on June 30. Devine, Dana’s executive chairman, has also been serving as interim CEO. Upon Devine’s retirement, Keith Wandell, lead independent director of the Dana board, will become non-executive chairman of the board.
“I will leave Dana in good hands,” Devine said. “Roger has an excellent leadership record and, with more than 25 years of experience, knows the automotive and commercial markets well. In addition, Dana has built a high-caliber leadership team over the past few years that will provide continuity and stability.”
“I look forward to joining the Dana team,” Wood noted. “I am deeply honored to be selected to lead this 100-year enterprise.”
“We are very grateful to John Devine for his dedicated service to Dana since joining the company in 2008, when we emerged from Chapter 11,” said Wandell. “He had led Dana through its most difficult challenges and helped to transform the company into one of opportunity and growth.
“At the same time, the board is delighted to welcome Roger to Dana as we turn our focus to growing the company,” he added. “He has the talent and the right experience to lead Dana forward.”