260 likes | 358 Views
Select Career Opportunities Orientation Program September 21, 2004. Headquartered in Toledo, Ohio. Since 1929. Quality and Excellence Continue. Dana - Today. 2003 Sales…………………. $7.9 Billion People……………………………. 45,000 Major Facilities…………………….. 265 Countries……………………………. 30.
E N D
Select Career Opportunities Orientation Program September 21, 2004
Headquartered in Toledo, Ohio Since 1929... Quality and Excellence Continue
Dana - Today 2003 Sales…………………. $7.9 BillionPeople……………………………. 45,000Major Facilities…………………….. 265Countries……………………………. 30
Strong Customer Relationships 11% Other 69% 11% 9% Non-US based OEMs are composing an increasing percentage of Dana’s revenue Data as of Dec. 31, 2003
Recent Developments • Fought off a hostile takeover attempt by rival supplier Arvin Meritor • New Chairman and CEO, Michael J. Burns and CIO, Bruce Carver • Announced the sale of Aftermarket business to The Cypress Group
Challenges Facing the Automotive Industry • Steel Surcharges • $1.75 Billion spent on steel annually • 5% increase could hit 2004 earnings by as much as 11 cents/share • Fuel Surcharges • Rising freight costs • Inflating Inventory Levels • Could lead to production cuts at automakers
Keys to Future Success • Streamline Purchasing • Spent $6 Billion in parts and material in 2003 • Strong Heavy Vehicle Truck Market • Surged in 2004 as a result of the economic recovery
Trust Respect Involvement and accountability Commitment Open-mindedness Continuousimprovement Dana Style Based on:
Ideas Program Two Ideas Per Person, Per Month 80% Implemented
Educate 40 Hours Per Person, Per Year
Promote From Within Based on Performance
Responsible for Your Own Career
Financial Management Training Program Two years at a manufacturing facility One to two years on the audit staff
General Requirements B.S. in Finance or Accounting GPA of 3.3 in major; 3.0 overall Communication Skills
Internal Audit at Dana Training future leaders of Dana
What Auditors Do? Learn how a process worksTest to understand realityIdentify opportunities for improvement
Audit Experience Learn different way of doing thingsBroaden view of Dana’s products/processesObserve different management stylesBusiness contacts
Manufacturing-training Learn Dana’s accounting systemExperience manufacturing lifeLearn about meeting customer expectations
Typical FMT Career Path • Manufacturing Trainee • Corporate Internal Auditor • Plant Controller • Division Controller • Group Controller • SBU Controller
Strengths of Dana’s Program High Corporate VisibilityAcceptance in the CompanyDefined Career PathBroad Learning Experience