Dana Incorporated has announced the appointment of R. Bruce McDonald, a member of Dana’s Board of Directors, as Chairman and Chief Executive Officer, effective immediately. The transition follows the retirement of James Kamsickas as CEO, who steps down after nine years in the role. To ensure a smooth transition, Mr. Kamsickas will remain as an advisor to the Company through March 2025.
R. Bruce McDonald brings over 30 years of leadership experience in the automotive and manufacturing industries. A member of Dana’s Board of Directors since 2014, he previously served on the Audit Committee and chaired the Nominating and Corporate Governance Committee. Mr. McDonald is the retired chairman and CEO of Adient plc., a global mobility supplier, and held several key leadership positions at Johnson Controls, Inc., including executive vice president and vice chairman, as well as executive vice president and CFO. Earlier in his career, he served as vice president for finance at TRW Automotive, solidifying his reputation as an accomplished industry leader with extensive expertise in mergers and acquisitions.
Mr. Kamsickas reflected on his tenure, stating “I am proud of the work the Dana team has done over the past decade to grow revenues and successfully enhance the technology to serve all mobility markets no matter what type of propulsion they may use. It has been an honor to lead this talented global team during that time and I am confident the Company is well positioned for the future.”
Keith Wandell, Dana’s Lead Independent Director, highlighted the leadership change as part of the Company’s strategy to navigate a rapidly transforming mobility industry. He noted that Mr. McDonald’s extensive public company leadership experience, coupled with his expertise in mergers and acquisitions, makes him well-suited to guide Dana through this critical period while the Board conducts a comprehensive search for a permanent CEO.
As he assumes his new role, Mr. McDonald emphasized his commitment to driving value for the Company and its shareholders. “Dana is differentiated by leading technology innovation and a track record of continuous improvement,” said Mr. McDonald. “My conviction in our businesses, the team and the opportunities to capitalize on the EV transition over the long term remain strong. I look forward to stepping into my new role as CEO at such an important time for Dana and will work diligently alongside the Board and management team to deliver on these actions and drive value for Dana shareholders.”
