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News of  April 11, 2000
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Joseph M. Magliochetti Becomes Dana's Sixth Chairman
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Toledo, Ohio - Dana Corporation announced that its President and Chief Executive Officer, Joseph M. Magliochetti, has become Dana's chairman. Magliochetti, who has 33 years of Dana service, is only the sixth chairman in the company's 96-year history. He succeeds Southwood J. Morcott, who announced in October that he would be retiring. Morcott has been with the company 37 years, and served as chairman since 1990.

In his 33 years with Dana, Magliochetti has served in a number of domestic and international positions and he has been the driving force behind the development of Dana's e-Commerce initiatives and focus on technology.

Magliochetti joined the Victor Manufacturing Company of Chicago in 1966 as a management trainee. Following Dana's 1967 acquisition of Victor, he served in a variety of sales and management positions within Dana.

In 1980, he was named president of Dana Europe, with responsibility for all operations in Europe and the Middle East. In 1985, he returned to the United States as group vice president of North American Operations. He was named president of automotive - North American Operations in 1990.

In 1992, Magliochetti became president of North American Operations and was appointed to the Dana Policy Committee. He was promoted to president of Dana Corporation in 1996, and was elected to the company's Board of Directors.

In 1997, he was appointed chairman of Dana's World Operating Committee. Later that year, he was elected Chief Operating Officer. He was named President and Chief Executive Officer in 1999.

Magliochetti serves as a member of The U.S. Business Roundtable and its Policy Committee, and he is a member of the Automotive Original Equipment Manufacturers Association (AOEM), and the Automotive Service Industry Association (ASIA). He serves on the boards of the Motor and Equipment Manufacturers Association (MEMA), and the National Association of Manufacturers (NAM). He was nominated to the Board of BellSouth in March and serves on the independent nominating committee to recommend directors for the New York Stock Exchange.

He is a member of the MEMA/JAMA Liaison Committee to cultivate automotive trade relations with Japan and has served on the U.S. Department of Commerce Auto Parts Advisory Committee.

(April 5, 2000)

 

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