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Published: Saturday, 4/19/2008

New Dana chief s salary will be $1.2M plus bonus

The base salary for the new chief executive of Dana Holding Corp., Gary Convis, is $1.2 million, the Toledo auto parts firm said in a regulatory filing yesterday.

The former Toyota Motor Corp. manufacturing executive also is to receive options for 766,900 Dana shares, a one-time payment of $765,356 for lost compensation from the automaker, and a yearly bonus that could be twice his salary, the filing said.

Mr. Convis, 65, assumed his new post Thursday. He has been a Dana board member.

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