Dana Mourns Passing Of Leader

Dana Corp. Chairman and CEO Joe Magliochetti passed away Sept. 22 of complications from pancreatitis, according to a company press release. He was 61. Magliochetti, who began his career at Dana as a management trainee in 1966, moved his way up the management ladder. Indeed, in the early 1980s he served as president of Dana Europe, and in 1985, after returning to the U.S., he served as group vice president of North American Operations. In 1996 he was named president and was elected to the Board of Directors. In 1997 he was elected chief operating officer, and in 1999 was named president and CEO. In 2000 he was elected chairman of the Toledo, Ohio-based automotive supplier. "Joe served with great distinction for more than three decades and was an outstanding leader," said Glen Hiner, who was named acting chairman by the company's Board of Directors. "He built a culture of integrity and a strong organizational structure. He leaves behind an accomplished management team, which continues to have the full support of the Board of Directors as it pursues the strategic course Joe forged." The Board also appointed Bill Carroll, president of Dana's Automotive Systems Group and acting COO, acting president. In addition to his dedication to Dana, Magliochetti was involved in many civic and business initiatives. He was a member of the U.S. Business Roundtable and its Policy Committee, and a member and former chairman of the Motor and Equipment Manufacturers Association (MEMA) board of directors. He also served on the board of the National Association of Manufacturers and was a member of the U.S.-Japan Business Council and the MEMA/JAMA Liaison Committee to cultivate automotive trade relations with Japan. In 2002 Magliochetti was awarded the Automotive Hall of Fame Distinguished Service Citation in honor of his contributions to the motor vehicle industry, as well as the MEMA Triangle Award, which recognized his leadership and advocacy on behalf of the automotive industry.