Wall St. Analyst Likes Convis and Dana

Headlines from the auto industry | Freep.com | Detroit Free Press

I’ve always been a huge fan of Gary Convis and his leadership style, which you know if you’re a frequent reader of the blog. I’ve been curious to see how he would do as CEO of Dana. Yes, Convis is a great leader, but Dana is a bankrupt mess. What can he do?

One Wall St. analyst is positive about their outlook, hopefully for the right reasons:

Dana’s management team is experienced and “we envision urgency towards potential asset sales and operational turnaround,” Patel, based in New York, wrote in a note to investors Tuesday. Dana came out of bankruptcy court proceedings on Feb. 1.

Dana named former Toyota Motor Corp. manufacturing manager Gary Convis as chief executive officer on April 17. He took over from John Devine, formerly chief financial officer for both General Motors Corp. and Ford Motor Co., who will remain as chairman.

So, which will it be — asset sales (break up the company) or operational turnaround (fix the company, for the long-term)??

I wish someone would do a Lean-focused interview with him about his new challenge (hint hint, if anyone has a connection, I’d love to interview him).

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Mark Graban's passion is creating a better, safer, more cost effective healthcare system for patients and better workplaces for all. Mark is a consultant, author, and speaker in the "Lean healthcare" methodology. He is author of the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, as well as The Executive Guide to Healthcare Kaizen. His most recent project is an eBook titled Practicing Lean that benefits the Louise H. Batz Patient Safety Foundation, where Mark is a board member. Mark is also the VP of Improvement & Innovation Services for the technology company KaiNexus.

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