27th
May 2009 -
Dana Announces James Sweetnam Named President and CEO
Dana Holding Corporation has announced
that James E. Sweetnam, 56, has been named president
and chief executive officer, and will be appointed to the Dana
Board of Directors. Sweetnam comes to
Dana after more than 11 years at Eaton Corporation, where
he most recently served as president of the company's global Truck
Group.
In conjunction with the appointment of
Sweetnam as president and CEO,
Dana announced that John Devine, who most
recently served as chairman and CEO, will continue as executive chairman
moving forward.
"We are very excited that Jim has decided
to join the
Dana leadership team," Devine said. "He has a tremendous
track record of success internationally. His deep knowledge of our
business, especially the commercial vehicle segment, will ensure a brief
and smooth transition for him. I look forward to working with Jim to
address the challenges and opportunities in our business today."
"Dana has an impressive array of global
customer relationships, solid product and market diversity, and a
wonderful base of talented employees," Sweetnam said. "I look forward to
working with the people of Dana to lead the
company's growth and resurgence."
At Eaton, a global
$15.4 billion
diversified industrial manufacturer, Sweetnam led the company's
$2.3 billion truck business, which manufactures, markets, and
sells transmissions, clutches, and drivetrain systems to global truck
OEMs. He joined
Eaton in 1997 as vice president and general manager of the
company's Heavy-Duty Transmission Division, Truck. In 2000, Sweetnam was
named vice president, Operations, Heavy-Duty Transmission Clutch and
Aftermarket, Truck. From 2001 to 2008, he served as senior vice
president and president, Truck Group.
Prior to joining Eaton,
Sweetnam spent 10 years at Cummins Engine Company where he served in a
variety of significant roles, including president of Cummins Electronics
Company and group managing director of Holset Engineering Co., Ltd.,
Cummins' U.K.-based global turbo charger business. From 1977 to 1985,
Sweetnam served in a variety of managerial roles for Canadian Liquid Air
Ltd. in Montreal, Quebec, and
Calgary, Alberta. From 1975 to 1977, he served as a
construction engineer and product and operations engineer with Air
Products & Chemicals in Allentown, Pa., and
Sao Paulo, Brazil. He began his career as a civil engineer at
Olko Engineering in New York, N.Y.
Sweetnam earned a Bachelor of Science degree in
applied science and engineering from the U.S. Military Academy at
West Point and an MBA degree from Harvard University.
He is a board member of The Lubrizol Corporation, a specialty chemical
company based in Wickliffe, Ohio, and the board of
trustees for ideastream, a public service multi-media organization based
in Cleveland, Ohio.
About Dana Holding Corporation
Dana is a world leader in the supply of axles;
driveshafts; and structural, sealing, and thermal-management products;
as well as genuine service parts. The company's customer base includes
virtually every major vehicle manufacturer in the global automotive,
commercial vehicle, and off-highway markets. Based in Toledo,
Ohio, the company employs approximately 24,000 people in 26
countries and reported 2008 sales of
$8.1 billion.
Source:
Dana Holding Corporation Press Release