Magna International Inc. Approves Management Changes, Effective January 1, 2022
November 05, 2021 at 05:00 am EDT
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The Board of Directors of Magna International Inc. has approved management changes, all effective January 1, 2022: Vincent J. Galifi, current Executive Vice-President and Chief Financial Officer has been appointed as President. In this role, Vince will support Magna?s Chief Executive Officer, Swamy Kotagiri, on corporate strategy, capital markets, stakeholder relations and other matters. Patrick W.D. McCann has been promoted to Executive Vice-President and Chief Financial Officer, reporting to Chief Executive Officer. In his 22+ year career at Magna, Pat has served in a variety of senior finance roles at Magna?s Head Office, including most recently as Senior Vice-President, Finance. Pat also served as Vice-President, Finance for Magna?s operating unit, Cosma International, between 2016 and 2019. Anton Mayer has been promoted to Executive Vice-President and Chief Technology Officer, from his current role as Executive Vice-President, Research & Development. Anton also recently served as Executive Vice-President, Systems & Portfolio Strategy and has held various other roles in a 35+ year career at Magna.
Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers. The Company's segments include Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles. Its Body Exteriors & Structures include body structures, chassis structures, exterior, energy storage systems and other. Its Power & Vision products include electrified powertrain technologies, powertrain subsystems and other. Its Complete Vehicles consist of complete vehicle engineering and complete vehicle manufacturing. The Company's global network includes 341 manufacturing operations and 88 product development.