Dana extends CEO McDonald's contract; successor search to accelerate in early 2026

DANA Inc

CEO R. Bruce McDonald's employment extended on month-to-month basis up to one year until successor starts; then to Non-Executive Chairman.
Base salary unchanged at $1.3M; eligible for RSU grants up to $9.9M in tranches through Nov 2026.
Eligible for up to $500k transition bonus contingent on hiring successor CEO by April 2026 annual meeting.
Off Highway divestiture expected to close late Q4 2025; cited as momentum under McDonald's leadership.

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