Loading…
Friday, September 19, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Saturday, 2/2/2008

New chief held top finance posts at Ford, GM

BY LARRY P. VELLEQUETTE
BLADE BUSINESS WRITER

The new face of Dana Corp. is an old hand within Detroit auto circles, having occupied the top financial position at both Ford Motor Co. and General Motors Corp. within the last decade.

But John Devine, 63, may need a few introductions around Toledo after recently moving into temporary housing on the grounds of the auto parts maker's Dorr Street world headquarters.

"For the foreseeable future, I'm here. You'll have to live with me," Mr. Devine said yesterday. His wife remains in their home in southern California.

Mr. Devine was named chairman and acting chief executive officer at Dana, replacing CEO Mike Burns. The latter will stay at Dana through a transition period.

Dana, Toledo's largest company with annual sales of about $8.6 billion, is the 13th-largest firm in Ohio with publicly traded stock. It was No. 255 on last year's Fortune 500 list.

Mr. Devine left GM as its chief financial officer in June, 2006, after five years with the world's largest automaker. At the time, he was rumored to have been forced out of the job to make room for GM Europe Chairman Fritz Henderson, but GM Chairman and CEO Rick Wagoner denied the report and said Mr. Devine simply wanted to retire.

Prior to GM, Mr. Devine worked with Ford Motor Co. for 32 years, retiring in 1999 as the then-No. 2 automaker's executive vice president and chief financial officer. He holds a seat on the board of parts supplier Amerigon Inc.

Asked if he would remain on Dana's board, Mr. Burns said he would, instead, serve "more in an advisory role at this point, so I'll certainly be working with [Mr. Devine] and the board." He will not be a voting member of the board.

Contact Larry P. Vellequette at: lvellequette@theblade.com or 419-724-6091.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.






Poll