leadership
confidence high
sentiment neutral
materiality 0.60
Dana appoints Brett Icahn and Christian Garcia to board; revises standstill with Icahn Group
DANA Inc
- Brett Icahn and Christian Garcia appointed to Dana board, replacing Gary Hu and Steven Miller.
- Standstill extended to 2027 meeting if objectives met; else to 2026 deadline.
- Objectives: hire new CEO (non-board), sell Off-Highway business, and engage financial advisor for capital allocation.
- Icahn designees join audit, compensation, and technology/sustainability committees.