Dana Holding has named former Visteon CFO William Quigley executive vice president and chief financial officer, effective 1 March. He replaces James Yost whos will leave the company on 12 May when his contract ends.

"[Yost] has been instrumental during the past four years as Dana has transitioned to a company with solid financial strength," said Dana president and CEO Roger Wood. "We wish him the best in his future endeavours."

Quigley has a long tenure as a finance executive in the automotive and industrial business sectors. As CFO of Visteon, he was responsible for the automotive supplier's global finance function.

Quigley was CFO of Visteon from 2007 to 2011 and was also instrumental in the company's emergence from reorganisation. He was previously vice president and corporate controller of Federal-Mogul Corporation. He has also worked at Nissan Research and Development and at Deloitte & Touche.