Dana elects Tesla, Deere vets to board

Dana IncorporatedDana Inc. has elected two new members to serve on its board of directors, effective immediately. Also, two long-serving directors have announced their pending retirements from the board.

Michael J. Mack, 61, recently retired from Deere & Co., where he served as chief financial officer; president of the company’s worldwide construction and forestry division; and, most recently, as group president of John Deere financial services, global human resources and public affairs. He also held leadership roles in dealer systems, business development, engineering, purchasing, manufacturing, marketing and finance. He will serve on Dana’s audit and compensation committees.

Diarmuid B. O’Connell, 54, spent the last 11 years at Tesla, most recently as vice president of business development. One of the longest-serving executives at the automaker, he also served as chief of staff to the assistant secretary of state for political military affairs in the U.S. Department of State. He also held management positions with Accenture, Young & Rubicam and McCann-Erickson. He will serve on Dana’s nominating and corporate governance and compensation committees.

“We are pleased to be adding these two distinguished business executives to our board,” says Keith Wandell, non-executive chairman. “They are exceptional leaders with strong financial acumen, international experience and a deep understanding of the markets Dana serves. Mike and Diarmuid bring unique knowledge to Dana as we continue to execute our electrification strategy and expand our presence in the off-highway and industrial markets. Their collective experience will be invaluable.”

In addition, Terrence J. Keating and Mark A. Schulz have decided to retire from Dana’s board, effective at the conclusion of the annual meeting of shareholders, April 26. Keating and Schultz both joined Dana’s board in 2008.

“I would like to sincerely thank Terry and Mark for their decade of service to Dana. I speak for the entire board of directors when I say that their guidance and insight has been of tremendous value as the company has grown to the strong, profitable company it is today,” Wandell says.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover