This will be John Devine's third stint as CEO of Dana. Earlier versions of this story misstated the number of times he served in that role.
John Devine, the former CFO at both General Motors and Ford Motor Co., has taken over as CEO of drivetrain parts supplier Dana Holding Corp. for the third time.
Dana, which has had six CEOs in three years, said Thursday that CEO James Sweetnam resigned after leading the company since July 2009.
Devine, 66, the company's executive chairman, will become interim CEO, again, at the axle maker while the board conducts a search for a successor, Dana said. The search committee will be led by director Richard Wallman.
Sweetnam replaced Devine at Dana after 11 years with Eaton Corp. He previously had headed Eaton's truck group.
When Dana emerged from its two-year bankruptcy in February 2008, Devine became acting CEO, taking over after Mike Burns' four-year stint. Gary Convis, a former Toyota Motor Corp. manufacturing executive, took over as CEO in April 2008. He became vice chairman in November, while Devine again became CEO.
Before joining Dana, Devine held senior executive positions during a career of more than 30 years in the auto industry. He was CFO of both General Motors and Ford Motor Co.
Dana's sales of axles, driveshafts and structural, sealing, and thermal management products ranks it No. 9 on the Automotive News list of the top 150 suppliers to North America, with sales to automakers of $2.67 billion in its 2009 fiscal year.