MAUMEE, Ohio, Dec. 1, 2021 /PRNewswire/ -- Dana
Incorporated (NYSE: DAN) today announced the appointment of Dana
veteran Timothy R. Kraus as senior
vice president and chief financial officer. Mr. Kraus
succeeds Jonathan Collins, who will
be leaving Dana to become CFO of Clarivate plc (NYSE: CLVT), a
world-leading information and analytics provider. Mr. Collins
will continue with Dana through Dec.
15 to assist with the transition.
An officer of the company with more than a decade of experience
at Dana, Mr. Kraus most recently served as senior vice president of
finance and treasurer. In this role, he was responsible for
Dana's global treasury operations, including corporate liquidity
and cash and risk management. In addition, Mr. Kraus led
Dana's tax and business development activities – delivering on more
than a dozen strategic acquisitions since 2016.
"Tim has been essential to the success of Dana's transformation
strategy, as we have repositioned the company with class-leading
innovation and a global presence while improving the strength of
our balance sheet," said James Kamsickas, Dana chairman and
CEO. "I'd like to thank Jonathan for his service and
leadership as he ensures a smooth transition."
Prior to joining Dana in 2010, Mr. Kraus held a number of
leadership roles with Intelsat S.A.; Lear Corporation; and Ernst
& Young LLP.
Mr. Kraus is a certified public accountant who earned a Bachelor
of General Studies degree in accounting and economics from the
University of Michigan and a Master of
Business Administration in general management from Michigan State University.
About Dana Incorporated
Dana is a leader in the design
and manufacture of highly efficient propulsion and
energy-management solutions that power vehicles and machines in all
mobility markets across the globe. The company is shaping
sustainable progress through its conventional and clean-energy
solutions that support nearly every vehicle manufacturer with drive
and motion systems; electrodynamic technologies, including software
and controls; and thermal, sealing, and digital solutions.
Based in Maumee, Ohio, USA, the
company reported sales of $7.1
billion in 2020 with 38,000 associates in 33 countries
across six continents. Founded in 1904, Dana was named one of
"America's Most Responsible Companies 2021" by Newsweek for its
emphasis on sustainability and social responsibility. The
company is driven by a high-performance culture that focuses on
valuing others, inspiring innovation, growing responsibly, and
winning together, earning it global recognition as a top employer,
including "World's Best Employer" from Forbes magazine. Learn more
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SOURCE Dana Incorporated