Dana Incorporated announced that it has entered into an agreement with Icahn Capital, whereby Brett Icahn and Gary Hu, both of whom are portfolio managers at Icahn Capital, will join the Dana Board of Directors, effective immediately and stand for election at the company's 2022 Annual Meeting of Shareholders. With these appointments and the previously announced addition of Ernesto M. Hernández, the board will temporarily expand to 12 directors. Following the retirement of Raymond E. Mabus, Jr. at the 2022 Annual Meeting, consistent with the company's director retirement policy, the board will be composed of 11 directors, 10 of whom are independent.