Dana Holding Corporation today (4 November) announced James Sweetnam, president and CEO has resigned by what the company says is mutual agreement with Dana’s board of directors.

John Devine, executive chairman, will serve as interim CEO while the board looks for a permanent successor.  A search committee led by director Richard Wallman will conduct the process with the assistance of an executive search firm.

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Devine has also previously served as CEO and held senior executive positions during a 30-year career in the automobile industry, including vice chairman and CFO of General Motors and CFO of Ford.

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