Bendix-Dana Joint Venture Commences; Bendix Spicer Foundation Brake LLC Begins Operations
02 Juli 2004 - 12:30AM
PR Newswire (US)
Bendix-Dana Joint Venture Commences; Bendix Spicer Foundation Brake
LLC Begins Operations Kishor Pendse named as President, Bendix
Spicer Foundation Brake LLC ELYRIA, Ohio, July 1 /PRNewswire/ --
Bendix Spicer Foundation Brake LLC officially became operational
today following corporate approvals from partners Bendix Commercial
Vehicle Systems LLC and Dana Corporation (NYSE:DCN). The joint
venture -- headquartered in Elyria, Ohio, and with technology
centers in Elyria and Kalamazoo, Mich. -- offers a full portfolio
of advanced wheel-end braking systems components and technology
from the combined parent organizations. It integrates the braking
systems expertise from Bendix and the Knorr-Bremse Group, with the
axle and brake integration capability of Dana, for a powerful
long-term partnership between the organizations. Bendix Spicer
Foundation Brake LLC will continue to announce details about the
new organization -- including its Web site launch and additional
sales and product information -- as they develop in coming weeks.
Pendse to Lead Joint Venture Bendix Spicer Foundation Brake LLC
today also announced the appointment of Kishor Pendse as president
of the organization. Pendse was most recently vice president and
general manager, wheel-end business team for Bendix Commercial
Vehicle Systems. Prior to joining Bendix in September 2003, he was
vice president-Six Sigma at TRW, Inc. in Cleveland, Ohio. In his
new position, Pendse will report to the management board of the
joint venture and is responsible for its overall strategic
leadership, including engineering, management and planning,
business development, and product advancements. He will be
supported by an assistant general manager who will be appointed by
Dana Corporation at a later date. "Kishor is a highly accomplished
and experienced professional in the transportation industry. His
strong leadership abilities, large-scale project management and
implementation skills, along with his vision and extensive
knowledge of the automotive and commercial vehicle industry will
help our foundation brake joint venture advance to new levels of
achievement and innovation," said Joe McAleese, Bendix president
and chief executive officer. "His broad experience in marketing,
strategy and operations will provide a key ingredient in the joint
venture's goal to become the leading North American foundation
brake supplier," added Frank Sheehan, vice president of sales,
marketing and product planning for Dana's Commercial Vehicle
Systems. In his prior role at TRW, Pendse was responsible for
successfully implementing the Six Sigma initiative across the
worldwide organization. Pendse spent 20 years in various leadership
positions in TRW's automotive business, including president of a
steering gear manufacturing joint venture and other executive-level
positions in technology, market planning and customer development.
Pendse, a member of the Society of Automotive Engineers and Mensa,
holds a master's degree in business administration from Carnegie
Mellon University in Pittsburgh and a bachelor's degree in
mechanical engineering from the Indian Institute of Technology in
New Delhi, India. He resides in Solon, Ohio, with his wife and two
teenage sons. About Dana Corporation Dana Corporation is a global
leader in the design, engineering and manufacturing of value-added
products and systems for automotive, commercial and off-highway
vehicles. The company's continuing operations employ approximately
45,000 people worldwide dedicated to advancing the science of
mobility. Founded in 1904 and based in Toledo, Ohio, Dana operates
technology, manufacturing and customer-service facilities in 30
countries. Sales from continuing operations totaled $7.9 billion in
2003. Dana's Internet address is http://www.dana.com/ . About
Bendix Commercial Vehicle Systems Bendix Commercial Vehicle Systems
LLC, a member of the Knorr-Bremse Group, supplies air brake
charging and control systems and components, vehicle modules, and
leading-edge safety technologies under the Bendix(R) brand name for
medium- and heavy-duty trucks, tractors, trailers, buses and other
commercial vehicles in North America, Europe and Australia.
Employing more than 1,800 people, Bendix is headquartered in
Elyria, Ohio, with manufacturing plants in Acuna, Mexico,
Frankfort, Ky., and Huntington, Ind. For more information, call
1-800-AIR-BRAKE (1-800-247-2725) or visit http://www.bendix.com/ .
For more information, contact: Barbara Gould Bendix Commercial
Vehicle Systems LLC (440) 329-9609 or Jim Houck Marcus Thomas LLC
(888) 482-4455 or Bob Goldston Dana Corporation (269) 567-1101
DATASOURCE: Bendix Spicer Foundation Brake LLC CONTACT: Barbara
Gould of Bendix Commercial Vehicle Systems LLC, +1-440-329-9609, or
; or Jim Houck of Marcus Thomas LLC, +1-888-482-4455, or ; or Bob
Goldston of Dana Corporation, +1-269-567-1101, or Web site:
http://www.bendix.com/ http://www.dana.com/
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