Steven Miller Replaces Brett Icahn as Icahn
Capital Board Designee in Connection with Previously Announced
Agreement
MAUMEE,
Ohio, Nov. 13, 2023 /PRNewswire/ -- Dana
Incorporated (NYSE: DAN) today announced that Steven Miller has been appointed to the Dana
board of directors, effective Nov. 9,
2023. Mr. Miller will replace Brett
Icahn as an Icahn Capital board designee, pursuant to the
January 2022 Director Appointment and
Nomination Agreement between Icahn Capital and Dana.
"On behalf of the Dana board of directors, I want to welcome
Steven as a director, and we look forward to collaborating as we
continue to drive profitable growth," said James Kamsickas, Dana chairman and CEO. "We
would also like to thank Brett Icahn
for contributing his insights and experience over the past two
years."
"I am grateful for the opportunity to have served on the Dana
Board and to have worked with the dedicated Dana team," said
Brett Icahn. "Over the past
two years, Dana has continued to drive progress in electrification
across its mobility end markets and sustained improvement across
the enterprise."
Mr. Miller is a portfolio manager at Icahn Capital L.P., a
subsidiary of Icahn Enterprises L.P., a diversified holding
company engaged in a variety of businesses. He previously served as
an analyst at BlueMountain Capital Management, LLC and an analyst
at Goldman, Sachs & Co. Mr. Miller serves as a director at
Bausch Health Companies, Inc. and Conduent Incorporated and was
previously a director at Xerox Holdings Corporation and Herc
Holdings Inc. He received a B.S. summa cum laude from Duke University in 2011.
With this announcement, the board will continue to be composed
of 10 directors, nine of whom are independent.
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 sales of $10.2
billion in 2022 with 42,000 people in 31 countries across
six continents. With a history dating to 1904, Dana was named
among the "World's Most Ethical Companies" for 2023 by Ethisphere
and as one of "America's Most Responsible Companies 2023" by
Newsweek. The company is driven by a high-performance culture
that focuses on valuing others, inspiring innovation, growing
responsibly, and winning together, earning it global recognition as
a top employer. Learn more at dana.com.
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SOURCE Dana Incorporated