Dana has named Ryan Laskey to lead the company's commercial vehicle drive and motion systems business, succeeding Mark Wallace, who has accepted a CEO position outside the company.

Laskey most recently served as vice president of Dana Commercial Vehicle Drive and Motion Systems, with responsibility for the business unit's strategy, product planning, engineering, and program management for both traditional and electrified drivelines.

He has worked for Dana for more than 20 years, beginning as a co-op and holding roles such as chief engineer of driveline applications, director of driveline product engineering, and vice president of commercial vehicle engineering and quality. He earned a bachelor's degree in mechanical engineering from the University of Toledo and a master of business administration degree from Purdue University.

"Ryan is perfectly suited to lead our commercial vehicle business as we enter the next era of mobility," said James Kamsickas, Dana chairman and chief executive officer. "He has extensive experience working in Dana's commercial vehicle business and has played an integral role in advancing our electrification strategy."

Wallace will remain with Dana through late April.