Dana Holding directors have extended John Devine’s contract as executive chairman to the end of 2010.
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He was named to the role in February 2008 and has led the company’s focus on rebuilding the management team, improving operational performance, increasing liquidity and profits, and pursuing profitable growth.
Dana said Gary Convis would retire as vice chairman effective 31 December and leave his seat on the board. Convis, who joined Dana as CEO in April 2008, and has served as vice chairman since January 2009, will be retained as a special advisor to president and CEO Jim Sweetnam.
