|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
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
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
(April 5, 2000)