Wall St. Analyst Likes Convis and Dana
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).