Dana Inc. (DAN) Appoints Byron Foster as New CEO Effective July 1

Dana Incorporated (NYSE:DAN) is one of the hot EV stocks to buy now. On February 12, Dana Incorporated appointed Byron Foster as its next Chief Executive Officer, effective July 1. This leadership change follows a structured transition plan where the current Chairman and CEO, R. Bruce McDonald, will step down from the chief executive role while remaining Chairman of the Board.

McDonald, who has led the company since 2024, expressed strong confidence in Foster’s ability to guide the organization through its next chapter of growth, citing his deep understanding of the business and pivotal role in Dana Incorporated’s recent operational transformations. Foster currently serves as the Senior Vice President and President of Light Vehicle Systems, which is Dana Incorporated’s largest business unit. Since joining the company in 2021, he has been credited with delivering significant sales growth and improving profit margins within his division.

Upon assuming his new role, Foster intends to focus on building upon Dana Incorporated’s (NYSE:DAN) established foundation of engineering excellence and global team collaboration. He emphasized a commitment to innovation and value delivery across both the light and commercial vehicle markets to ensure long-term success. The transition period through July is designed to maintain stability as the company continues to navigate evolving industry demands and strategic opportunities within the automotive and commercial sectors.

Dana Incorporated (NYSE:DAN), together with its subsidiaries, provides power-conveyance and energy-management solutions for on-highway vehicles in North America, Europe, South America, and the Asia Pacific.

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