Dana Incorporated has appointed R. Bruce McDonald as its new Chairman and CEO, effective immediately. This leadership transition follows the retirement of James Kamsickas, who served as CEO for nine years. To ensure continuity, Mr. Kamsickas will remain an advisor to the company until March 2025.
Leadership Expertise
Mr. McDonald brings over 30 years of industry experience, including leadership roles at Adient plc. and Johnson Controls, Inc., where he served as Chairman, CEO, and CFO. A Dana Board member since 2014, he has chaired the Nominating and Corporate Governance Committee and served on the Audit Committee, showcasing his expertise in corporate governance and mergers & acquisitions.
Reflections on Tenure and Future Vision
Outgoing CEO James Kamsickas expressed pride in growing Dana’s revenues and advancing technologies across diverse mobility markets during his tenure. Highlighting the transition, Keith Wandell, Dana’s Lead Independent Director, cited McDonald’s leadership experience and strategic expertise as pivotal in guiding the company through a rapidly evolving mobility industry.
McDonald, emphasizing Dana’s strengths in technology innovation and the EV transition, committed to driving shareholder value:
“Dana’s differentiated technology and track record of continuous improvement position us well for long-term success. I am honored to step into this role during such a critical period for Dana.”
Strategic Outlook
Under McDonald’s leadership, Dana aims to capitalize on opportunities in the electric vehicle transition while building on its legacy of innovation and operational excellence to navigate the rapidly transforming mobility landscape.