Dana Incorporated: A New Chapter in Leadership and Supplier Excellence
August 29, 2024, 1:48 am
In the world of business, change is the only constant. Dana Incorporated, a titan in the mobility sector, is navigating this landscape with a fresh leadership appointment and a celebration of supplier excellence. This dual focus reflects a commitment to growth and innovation, essential for thriving in today’s competitive market.
On August 26, 2024, Dana announced Craig Price as the new Senior Vice President and President of its Off-Highway Drive and Motion Systems. This appointment comes on the heels of the untimely passing of Jeroen Decleer, a leader who left an indelible mark on the company. Price, a seasoned veteran with over 14 years at Dana, steps into this role at a pivotal moment. His experience spans various strategic positions, including his recent tenure as Senior Vice President of Purchasing and Supplier Development.
Price’s ascent is not just a change in personnel; it’s a strategic move. He embodies the spirit of Dana—a company that thrives on innovation and efficiency. His background in global purchasing and supplier strategies positions him well to lead the Off-Highway division. This sector is crucial for Dana, which designs and manufactures propulsion and energy-management solutions for vehicles and machines worldwide.
Dana’s Off-Highway business is more than just a division; it’s a lifeline for many industries. From agriculture to construction, the demand for reliable and efficient machinery is ever-present. Price’s leadership will be instrumental in harnessing Dana’s capabilities to meet these demands. His track record speaks volumes. He has consistently driven results, a quality that will be vital as Dana seeks to expand its market presence.
But leadership is not just about results; it’s about people. Price’s approach is rooted in collaboration and respect. He understands that a motivated team is the backbone of any successful enterprise. As he takes the helm, he will need to foster a culture that encourages innovation while maintaining the high standards set by his predecessor.
In tandem with this leadership transition, Dana recently honored its suppliers with the 2023 Supplier Awards. This event, held on August 14, recognized eight companies from five countries for their exceptional contributions to Dana’s success. Awards were given in various categories, highlighting the importance of collaboration in achieving business goals.
The winners ranged from Hanil Forging Ind. Co., Ltd., which received the Leveraging the Core Award, to StarPower Semiconductor LTD., recognized for leading in electric propulsion. Each award reflects a commitment to quality and innovation, essential traits in today’s fast-paced market.
Craig Price emphasized the significance of a world-class supply base. In a landscape fraught with challenges, these suppliers have demonstrated resilience and dedication. Their ability to deliver quality products and services is crucial for Dana’s operational success. The Supplier Awards not only celebrate these achievements but also reinforce the idea that success is a collective effort.
Dana’s commitment to sustainability is also noteworthy. The Sustainability Supplier of the Year award went to Aapico Forging Public Company Limited, underscoring Dana’s focus on responsible practices. In an era where environmental concerns are paramount, companies must adapt. Dana is leading the charge, ensuring that its operations and those of its suppliers align with sustainable practices.
The company’s global footprint is impressive. With sales of $10.6 billion in 2023 and a workforce of 42,000 across 31 countries, Dana is a significant player in the mobility market. Its history, dating back to 1904, is a testament to its resilience and adaptability. Recognized as one of the "World's Most Ethical Companies" for 2023 and 2024, Dana’s reputation is built on a foundation of integrity and responsibility.
As Dana moves forward, the synergy between leadership and supplier relationships will be crucial. Craig Price’s leadership style, combined with the dedication of its suppliers, creates a powerful engine for growth. The company is poised to tackle the challenges of the future while remaining committed to its core values.
In conclusion, Dana Incorporated stands at a crossroads. With new leadership and a celebration of supplier excellence, the company is ready to embrace the future. The road ahead may be filled with challenges, but with a strong foundation and a clear vision, Dana is well-equipped to navigate the complexities of the mobility market. As they say, the journey of a thousand miles begins with a single step. For Dana, that step is now.
On August 26, 2024, Dana announced Craig Price as the new Senior Vice President and President of its Off-Highway Drive and Motion Systems. This appointment comes on the heels of the untimely passing of Jeroen Decleer, a leader who left an indelible mark on the company. Price, a seasoned veteran with over 14 years at Dana, steps into this role at a pivotal moment. His experience spans various strategic positions, including his recent tenure as Senior Vice President of Purchasing and Supplier Development.
Price’s ascent is not just a change in personnel; it’s a strategic move. He embodies the spirit of Dana—a company that thrives on innovation and efficiency. His background in global purchasing and supplier strategies positions him well to lead the Off-Highway division. This sector is crucial for Dana, which designs and manufactures propulsion and energy-management solutions for vehicles and machines worldwide.
Dana’s Off-Highway business is more than just a division; it’s a lifeline for many industries. From agriculture to construction, the demand for reliable and efficient machinery is ever-present. Price’s leadership will be instrumental in harnessing Dana’s capabilities to meet these demands. His track record speaks volumes. He has consistently driven results, a quality that will be vital as Dana seeks to expand its market presence.
But leadership is not just about results; it’s about people. Price’s approach is rooted in collaboration and respect. He understands that a motivated team is the backbone of any successful enterprise. As he takes the helm, he will need to foster a culture that encourages innovation while maintaining the high standards set by his predecessor.
In tandem with this leadership transition, Dana recently honored its suppliers with the 2023 Supplier Awards. This event, held on August 14, recognized eight companies from five countries for their exceptional contributions to Dana’s success. Awards were given in various categories, highlighting the importance of collaboration in achieving business goals.
The winners ranged from Hanil Forging Ind. Co., Ltd., which received the Leveraging the Core Award, to StarPower Semiconductor LTD., recognized for leading in electric propulsion. Each award reflects a commitment to quality and innovation, essential traits in today’s fast-paced market.
Craig Price emphasized the significance of a world-class supply base. In a landscape fraught with challenges, these suppliers have demonstrated resilience and dedication. Their ability to deliver quality products and services is crucial for Dana’s operational success. The Supplier Awards not only celebrate these achievements but also reinforce the idea that success is a collective effort.
Dana’s commitment to sustainability is also noteworthy. The Sustainability Supplier of the Year award went to Aapico Forging Public Company Limited, underscoring Dana’s focus on responsible practices. In an era where environmental concerns are paramount, companies must adapt. Dana is leading the charge, ensuring that its operations and those of its suppliers align with sustainable practices.
The company’s global footprint is impressive. With sales of $10.6 billion in 2023 and a workforce of 42,000 across 31 countries, Dana is a significant player in the mobility market. Its history, dating back to 1904, is a testament to its resilience and adaptability. Recognized as one of the "World's Most Ethical Companies" for 2023 and 2024, Dana’s reputation is built on a foundation of integrity and responsibility.
As Dana moves forward, the synergy between leadership and supplier relationships will be crucial. Craig Price’s leadership style, combined with the dedication of its suppliers, creates a powerful engine for growth. The company is poised to tackle the challenges of the future while remaining committed to its core values.
In conclusion, Dana Incorporated stands at a crossroads. With new leadership and a celebration of supplier excellence, the company is ready to embrace the future. The road ahead may be filled with challenges, but with a strong foundation and a clear vision, Dana is well-equipped to navigate the complexities of the mobility market. As they say, the journey of a thousand miles begins with a single step. For Dana, that step is now.