29th July 2009 - Dana Announces Appointment of David Trucano to Board of Directors

David P. Trucano, a Managing Director of Centerbridge Partners, L.P., has been appointed to the Dana Holding Corporation Board of Directors, Executive Chairman John Devine announced today. Trucano's appointment follows the resignation of former Dana Board member Stephen J. Girsky, who was recently appointed as a member of the Board of Directors of General Motors Company.

"I want to thank Steve, who served as our lead director since emergence, for his significant contributions to the Dana Board during a most challenging period. We wish him the best with GM," Devine said. "At the same time, we are very pleased to add the deep financial expertise and perspective that Dave brings to our Board of Directors."

Trucano, 38, joined Centerbridge Partners, L.P., a multi-strategy investment firm, in 2007. Immediately prior to joining Centerbridge, he was a Vice President at Goldman, Sachs & Co. where he worked in the Special Situations Group within the Fixed Income, Currencies and Commodities division in both London and New York. Prior to joining Goldman Sachs in 2004, he worked at Houlihan Lokey Howard & Zukin where he advised creditors and companies involved in financial restructuring transactions. Trucano earned a Bachelor of Arts degree from Emory University and an MBA from the University of Chicago. He will serve on the Audit Committee and Compensation Committee of the Dana Board.

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 Corporation Press Release