TOLEDO, Ohio, March 7 /PRNewswire/ -- Dana Corporation announced today
that Kenneth A. Hiltz has been named Chief Financial Officer for the company.
Mr. Hiltz will report to Dana Chairman and CEO Mike Burns in this role with
direct responsibility for leading the advancement of Dana's global financial
organization.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA)
"Ken possesses a strong leadership background in corporate turnarounds,
restructurings, and reorganizations that will benefit Dana as we work to
position our company for greater financial health and operational growth," Mr.
Burns said. "Among Ken's chief strengths is his ability to lead the analysis,
planning, and implementation of restructuring strategies."
Mr. Hiltz's financial experience spans more than three decades in a wide
variety of industries, including heavy manufacturing and automotive,
contracting, distribution, retailing, and numerous service businesses. He is
also a Managing Director of AlixPartners, a financial advisory firm
specializing in performance improvement and corporate turnarounds. His
financial leadership background includes having served as CFO at Foster
Wheeler Ltd., a global provider of engineering services and products, which
restructured its debt out of court. Mr. Hiltz has also provided financial
leadership in successful reorganizations as Chief Restructuring Officer and
CFO of Hayes Lemmerz International, Inc., a leading global supplier of
automotive and commercial highway wheels, brakes, powertrain, suspension,
structural, and other lightweight components; and CFO of Joy Global, Inc.
(formerly Harnischfeger Industries, Inc.), a global manufacturer of mining
equipment.
A Certified Management Accountant and CPA, Mr. Hiltz holds business
degrees from Xavier University and the University of Detroit and is an alumnus
of the Advanced Management Program at Harvard Business School.
Dana people design and manufacture products for every major vehicle
producer in the world. Dana is focused on being an essential partner to
automotive, commercial, and off-highway vehicle customers, which collectively
produce more than 60 million vehicles annually. A leading supplier of
drivetrain, chassis, structural, and engine technologies, Dana employs 46,000
people in 28 countries. Based in Toledo, Ohio, the company reported sales of
$9 billion in 2004. Dana's Internet address is: http://www.dana.com.
SOURCE Dana Corporation
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Related links:
http://www.dana.com
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Company News On-Call:
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CONTACT:
Chuck Hartlage of Dana Corporation,
+1-419-535-4728, or chuck.hartlage@dana.com
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