Joe Magliochetti, chairman and chief executive officer of Dana Corporation, died in hospital Monday night of conditions related to pancreatitis.
Magliochetti, 61, had been hospitalized earlier this month due to pancreatitis. His passing comes at a time when Dana Corporation is locked in a bitter fight over control of the company with ArvinMeritor.
Magliochetti was well known in manufactuirng circles and served as chairman of the Motor & Equipment Manufacturers Association (MEMA) for the 2000-2001 term.
MEMA president and CEO Chris Bates called Magliochetti "a driving force in the advancement of the motor vehicle products industry.
"Throughout his career, Joe’s sustained contributions and leadership in advancing the long-term interests of the motor vehicle products industry was well appreciated by MEMA and its members," Bates said. "Many of the most important contributions to the industry are made by those who work quietly and effectively, often in partnership with others, to accomplish great things. Joe exemplified this trait. His many contributions to industry education, to improved industry management practices and to enhancement of our industry’s positive role in society were remarkable."
Magliochetti, who began his career in 1966 and has been Dana’s CEO since 1999, was very active in industry organizations, including being a member of the U.S. Business Roundtable and its Policy Committee, a board member of the National Association of Manufacturers and a member of the U.S.-Japan Business Council and the MEMA/JAMA Liaison Committee.
In 2002, Magliochetti was awarded the Automotive Hall of Fame Distinguished Service Citation in honour of his contributions to the motor vehicle industry, and in 2002, he was recognized with MEMA’s Triangle Award, the association’s most prestigious honour.
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