Dana Incorporated elevates Timothy Kraus as CFO, Auto News, ET Auto
New Delhi:American auto supplier Dana Incorporated has promoted Timothy R. Kraus as senior vice president and chief financial officer (CFO). Kraus succeeds Jonathan Collins, who will be leaving Dana to become CFO of Clarivate plc, a world-leading information and analytics provider, the company said in a statement.
Collins will continue with Dana through December 15 to assist with the transition.
An officer of the company with more than a decade of experience at Dana, Kraus most recently served as senior vice president of finance and treasurer. In this role, he was responsible for Dana’s global treasury operations, including corporate liquidity and cash and risk management.
In addition, he led Dana’s tax and business development activities – delivering on more than a dozen strategic acquisitions since 2016.
“Tim has been essential to the success of Dana’s transformation strategy, as we have repositioned the company with class-leading innovation and a global presence while improving the strength of our balance sheet,” James Kamsickas, Dana chairman and CEO, said. “I’d like to thank Jonathan for his service and leadership as he ensures a smooth transition.”
Prior to joining Dana in 2010, Kraus held a number of leadership roles with Intelsat S.A.; Lear Corporation; and Ernst & Young LLP.
Kraus is a certified public accountant who earned Bachelor of General Studies degree in accounting and economics from the University of Michigan and Master of Business Administration in general management from Michigan State University.