Dana Incorporated (DAN) announces two appointments to Board of Directors; Reaches agreement with Icahn Capital
Key Summary: Dana Incorporated a vehicle and machinery solutions provider, appointed Brett Icahn and Gary Hu from Icahn Capital to its Board under an agreement. They will stand for election at the 2022 AGM.
Market Cap: $3.4 billion | Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific.
On January 7, 2022, the company announced that it had entered into an agreement with Icahn Capital, whereby Brett Icahn and Gary Hu, both portfolio managers at Icahn Capital, would join the Dana Board of Directors, effective immediately, and stand for election at the company’s 2022 AGM.
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