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Dana Incorporated Appoints Nora LaFreniere to its Board of Directors

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Dana Incorporated (NYSE: DAN) has announced the appointment of Nora LaFreniere to its board of directors, effective immediately. LaFreniere currently serves as Executive Vice President and General Counsel of Otis Worldwide , where she oversees global legal, compliance, business development, intellectual property, security, government relations, quality, and environmental, health, and safety functions. Dana's Chairman and CEO R. Bruce McDonald highlighted LaFreniere's extensive experience in industrial businesses, particularly in strategy formulation and complex M&A transactions, as valuable assets for Dana's transformation and value creation plans.

Dana Incorporated (NYSE: DAN) ha annunciato la nomina di Nora LaFreniere nel suo consiglio di amministrazione, con effetto immediato. LaFreniere attualmente ricopre il ruolo di Vicepresidente Esecutivo e Consigliere Legale di Otis Worldwide, dove sovrintende le funzioni legali globali, di conformità, sviluppo commerciale, proprietà intellettuale, sicurezza, relazioni governative, qualità e salute, ambiente e sicurezza. Il Presidente e CEO di Dana, R. Bruce McDonald, ha sottolineato l'ampia esperienza di LaFreniere nel settore industriale, in particolare nella formulazione di strategie e nelle transazioni M&A complesse, che rappresentano risorse preziose per la trasformazione e i piani di creazione di valore di Dana.

Dana Incorporated (NYSE: DAN) ha anunciado el nombramiento de Nora LaFreniere en su junta directiva, con efecto inmediato. LaFreniere actualmente se desempeña como Vicepresidenta Ejecutiva y Asesora Legal de Otis Worldwide, donde supervisa las funciones legales, de cumplimiento, desarrollo comercial, propiedad intelectual, seguridad, relaciones gubernamentales, calidad y medio ambiente, salud y seguridad a nivel global. El presidente y CEO de Dana, R. Bruce McDonald, destacó la amplia experiencia de LaFreniere en negocios industriales, particularmente en la formulación de estrategias y transacciones complejas de fusiones y adquisiciones, como activos valiosos para la transformación y los planes de creación de valor de Dana.

다나 인코포레이티드 (NYSE: DAN)노라 라프레니어를 이사로 임명했다고 발표했습니다. 이 임명은 즉시 발효됩니다. 라프레니어는 현재 오티스 월드와이드의 부사장 겸 법률 고문으로 재직 중이며, 글로벌 법률, 준수, 사업 개발, 지적 재산권, 보안, 정부 관계, 품질, 환경 및 건강, 안전 기능을 관장합니다. 다나의 회장 겸 CEO인 R. 브루스 맥도날드는 라프레니어의 산업 비즈니스 경험, 특히 전략 수립 및 복잡한 M&A 거래에 대한 경험이 다나의 변혁과 가치 창출 계획에 매우 중요한 자산이라고 강조했습니다.

Dana Incorporated (NYSE: DAN) a annoncé la nomination de Nora LaFreniere au sein de son conseil d'administration, avec effet immédiat. LaFreniere occupe actuellement le poste de vice-présidente exécutive et conseillère juridique chez Otis Worldwide, où elle supervise les fonctions juridiques, de conformité, de développement commercial, de propriété intellectuelle, de sécurité, de relations gouvernementales, de qualité ainsi que de santé, d'environnement et de sécurité à l'échelle mondiale. Le président et PDG de Dana, R. Bruce McDonald, a souligné l'expérience considérable de LaFreniere dans les entreprises industrielles, notamment en matière de formulation de stratégie et de transactions M&A complexes, qui constituent des atouts précieux pour la transformation et les plans de création de valeur de Dana.

Dana Incorporated (NYSE: DAN) hat die Ernennung von Nora LaFreniere in seinen Vorstand bekannt gegeben, die mit sofortiger Wirkung gültig ist. LaFreniere ist derzeit als Executive Vice President und General Counsel von Otis Worldwide tätig, wo sie die globalen rechtlichen Angelegenheiten, Compliance, Geschäftsentwicklung, geistiges Eigentum, Sicherheit, Regierungsbeziehungen, Qualität sowie Umwelt-, Gesundheits- und Sicherheitsfunktionen überwacht. Der Vorsitzende und CEO von Dana, R. Bruce McDonald, hob LaFrenieres umfangreiche Erfahrung in der Industrie hervor, insbesondere in der Strategieformulierung und in komplexen M&A-Transaktionen, die wichtige Vermögenswerte für Danas Transformations- und Wertschöpfungspläne darstellen.

Positive
  • Addition of executive with extensive M&A and industrial business experience
  • Strategic appointment aligned with company transformation objectives
  • Strengthened board expertise in legal and compliance matters
Negative
  • None.

MAUMEE, Ohio, Dec. 11, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that Nora LaFreniere has been appointed to the company's board of directors, effective immediately.

Ms. LaFreniere serves as the Executive Vice President and General Counsel of Otis Worldwide Corporation, a global, publicly traded company. In this role, she oversees the company's global legal, compliance, business development, intellectual property, security, government relations, quality, and environmental, health, and safety functions.

"I am delighted to welcome Nora to the Dana board of directors," said R. Bruce McDonald, Dana Chairman and CEO. "Her extensive experience in industrial businesses focusing on strategy formulation and executing complex M&A transactions will be invaluable to Dana as we implement our plan to transform the company and accelerate value creation."

Nora holds a Juris Doctor from the University of Notre Dame and a Bachelor of Arts in Political Science and Philosophy from the University of California, San Diego. She has been named to the YWCA Academy of Women Achievers and is a member of the DirectWomen Board Institute.

About Dana Incorporated

Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.

Based in Maumee, Ohio, USA, the company reported sales of $10.6 billion in 2023 with 42,000 people in 31 countries across six continents. With a history dating to 1904, Dana was named among the "World's Most Ethical Companies" for 2023 and 2024 by Ethisphere and as one of "America's Most Responsible Companies 2023" by Newsweek. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at dana.com.

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SOURCE Dana Incorporated

FAQ

Who is Nora LaFreniere and what is her role at Dana Incorporated (DAN)?

Nora LaFreniere is the newly appointed board member at Dana Incorporated (NYSE: DAN). She currently serves as Executive Vice President and General Counsel of Otis Worldwide

What experience does Nora LaFreniere bring to Dana's (DAN) board?

LaFreniere brings extensive experience in industrial businesses, strategy formulation, and executing complex M&A transactions. She also oversees global legal, compliance, business development, and various other corporate functions at Otis Worldwide

How does LaFreniere's appointment align with Dana's (DAN) strategic goals?

Her appointment aligns with Dana's plans to transform the company and accelerate value creation, particularly through her expertise in M&A transactions and industrial business strategy.

What are Nora LaFreniere's educational qualifications for the Dana (DAN) board position?

LaFreniere holds a Juris Doctor from the University of Notre Dame and a Bachelor of Arts in Political Science and Philosophy from the University of California, San Diego.

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