Dana has posted 2014 sales of US$6.6bn and adjusted EBITDA of US$745m, while at the same time revealing president and CEO, Roger Wood is to step down.
The company also reported strong free cash flow of around US$275m and repurchased US$260m of common stock in 2014.
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Some US$311m remains under the company’s current Share Repurchase Programme.
Dana says Wood will retire next April, after five years in post, with his successor now sought.
“Having completed a transformation plan in which we realigned our capital structure, implemented a lean and focused operating model across the enterprise and steadily increased our investment in engineering and innovation, Dana is on a path for consistent shareholder value creation,” said Wood.
“Dana’s employees and experienced leadership team have demonstrated remarkable tenacity and agility in transforming our global enterprise and creating the foundation for sustainable, profitable growth.”
