Dana board appoints two new directors

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The board of directors of Dana Holding Corp. has appointed two new directors, effective immediately. Virginia A. Kamsky, chairman and chief executive officer of Kamsky Associates Inc., and Steve Schwarzwaelder, former director of McKinsey & Co., were appointed to the board and will stand for election by all shareholders at the 2012 annual shareholder meeting.

“We are very pleased to add the strategic and international expertise that Virginia and Steve bring to our board of directors,” says Dana Chairman Keith Wandell.

Kamsky, 58, founded Kamsky Associates, a strategic advisory firm and one of the first American corporations licensed by the Chinese government to establish an office in Beijing, in 1980. Kamsky also served as an executive vice president of Foamex International Inc., in various leadership roles at then-Chase Manhattan Bank, including as a credit and lending officer and as second vice president in charge of the Chase Corporate Division-China. Kamsky currently serves on the board of Spectrum Brand Holdings Inc. and as a White House appointee on the Secretary of the Navy Advisory Panel. She has also served as chairman of the board of trustees and chief executive officer of the not-for-profit China Institute in America since 2003.

Schwarzwaelder, 55, joined McKinsey & Co., a global management consulting firm, in 1980 and retired after 27 years of service. During his tenure at McKinsey, he was the managing director of the Cleveland, Pittsburgh and Detroit office, led its North American Operations Effectiveness Practice, provided oversight leadership to the firm’s global functional practices, served on its Shareholders Council and Knowledge Committee, and was one of six members of the Managing Director’s Advisory Committee. At McKinsey, he primarily counseled industrial corporation CEOs in corporate and business unit strategy, mergers and acquisitions, operations, sales and marketing, and performance improvement programs.