Foster, 57, currently serves as senior vice president and president of Dana’s light vehicle systems division. Since joining the company in 2021, he has managed its largest business unit, a role that positioned him as the internal successor to lead the broader organization’s strategy in the evolving automotive sector.
The appointment marks a swift leadership evolution for the Maumee, Ohio-based firm. McDonald, who has held the dual role of chairman and CEO since November 2024, originally took the helm following the departure of longtime chief executive James Kamsickas. According to the company, McDonald will continue to influence corporate strategy through his ongoing chairmanship.
Strategic Continuity in Propulsion
Dana remains a critical supplier of propulsion and energy-management solutions for the global vehicle market. By elevating the head of its most significant division, the board appears to be prioritizing operational stability and deep product knowledge during a period of industry-wide technical shifts.
Key milestones in the transition include:
- The official handover of executive duties on July 1.
- McDonald’s continued oversight of the board, where he has served since 2014.
- Foster’s transition from leading the company’s primary revenue-generating unit to overseeing global operations.
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