Edition:
India

Magna International Inc (MG.TO)

MG.TO on Toronto Stock Exchange

79.98CAD
23 Nov 2020
Change (% chg)

-- (--)
Prev Close
$79.98
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,049,068
52-wk High
$81.47
52-wk Low
$33.22

Summary

Name Age Since Current Position

William Young

65 2012 Independent Chairman of the Board

Donald Walker

63 2010 Chief Executive Officer, Director

Vincent Galifi

60 1997 Chief Financial Officer, Executive Vice President

Guenther Apfalter

2018 President - Magna Steyr, Magna Europe

Seetarama Kotagiri

2020 President - Magna International, Magna Power and Vision

Tommy Skudutis

2018 Chief Operating Officer, Executive Vice President

Aaron McCarthy

2019 Chief Human Resource Officer, Executive Vice President

Eric Wilds

2020 Executive Vice President, Chief Sales & Marketing Officer

Francis Seguin

2016 Executive Vice President - Corporate Projects and Strategy Development

James Tobin

2020 Executive Vice President, President - Magna Asia

Riccardo Trecroce

2018 Executive Vice President, Chief Legal Officer

Scott Bonham

58 2012 Non-Independent Non-Executive Director

Peter Bowie

73 2012 Independent Director

Mary Chan

57 2017 Independent Director

V. Peter Harder

67 2020 Independent Director

Kurt Lauk

73 2011 Independent Director

Robert MacLellan

65 2018 Independent Director

Cynthia Niekamp

60 2014 Independent Director

William Ruh

58 2017 Independent Director

Indira Samarasekera

67 2014 Independent Director

Lisa Westlake

58 Independent Director

Biographies

Name Description

William Young

Mr. William L. Young serves as Independent Chairman of the Board of the Company. He is a co-founder and partner of Monitor Clipper Partners, a private equity firm which he and other partners co-founded in 1998. Through his role at Monitor Clipper Partners, together with roles as Founding Partner of Westbourne Management Group (since 1988) and a partner in the European practice of Bain & Company (1981-1988), Mr. Young possesses operational experience, as well as mergers and acquisitions experience. He is Chair Emeritus of the Board of Trustees of Queen’s University (Kingston, Ontario) (which he chaired from 2006 to 2012) and has private company board and board leadership experience over the last 20 years, including a number of European and U.S.-based companies. Mr. Young has a B.Sc in chemical engineering (Queen’s) and an MBA (Harvard).

Donald Walker

Mr. Donald J. Walker serves as Chief Executive Officer, Director of the Company. He serves as the Chief Executive Officer of Magna, where he previously served as Co-Chief Executive Officer (2005-2010) and President and Chief Executive Officer (1994-2001). He was formerly the President, Chief Executive Officer and Chairman of Intier Automotive Inc., one of Magna’s former ‘‘spinco’’ public subsidiaries. Prior to joining Magna in 1987, Mr. Walker spent seven years at General Motors in various engineering and manufacturing positions. He is a founding member of the Yves Landry Foundation, which promotes the value of technical education, and is currently the Chair (since October 2011, previously Co-Chair since 2002) of the Canadian Automotive Partnership Council (CAPC) with the Canadian federal and provincial governments, which serves to identify both short- and long-term priorities to help ensure the future health of the automotive industry in Canada. Mr. Walker is also the past Chairman of the Automotive Parts Manufacturers Association (APMA). Mr. Walker is a professional engineer with a B.Sc in mechanical engineering (Waterloo).

Vincent Galifi

Mr. Vincent J. Galifi CPA serves as Chief Financial Officer, Executive Vice President of the Company. He is Executive Vice-President (since September 1996) and Chief Financial Officer (since December 1997).

Guenther Apfalter

Mr. Guenther F. Apfalter serves as President - Magna Steyr, Magna Europe of the Company. He was President - Magna Europe of Magna International Inc.(since February 2011)

Seetarama Kotagiri

Mr. Seetarama S. Kotagiri serves as President - Magna International, Magna Power and Vision of the Company. Mr. Kotagiri who also served as President, Magna Powertrain (since December 2017), was President, Magna Electronics from February 2016 to December 2017, Executive Vice President, Corporate Engineering and R&D from January to December 2013, and Executive Vice President of Global Engineering and R&D of Cosma International from June 2008 to December 2013.

Tommy Skudutis

Mr. Tommy J. Skudutis serves as Chief Operating Officer, Executive Vice President of the Company. He was Chief Operating Officer - Exteriors, Seating, Mirrors, Closures and Cosma of Magna International Inc. He was President of Cosma from March 2001 to March 2002. Prior to May 2007, Mr. Skudutis was Executive Vice-President, Operations since May 2001.

Aaron McCarthy

Mr. Aaron McCarthy serves as Chief Human Resource Officer, Executive Vice President of the Company. Prior to joining Magna, Mr. McCarthy was a Vice-President at Uranium One Inc., a global energy company from August 2013 to December 2015. Mr. McCarthy joined Magna in January 2016 as Vice-President, Human Resources, the Americas and India and remained in this role until December 2018

Eric Wilds

Mr. Eric Jon Wilds serves as Executive Vice President, Chief Sales & Marketing Officer of the Company. Mr. Wilds was Executive Vice-President, Strategic Growth Initiatives, Magna Powertrain and Magna Electronics from April 2016 to December 2017 and Executive Vice President, Business Development & Strategy, Magna Power and Vision from January 2018 to January 2020.

Francis Seguin

Mr. Francis C. Seguin serves as Executive Vice President - Corporate Projects and Strategy Development of the Company. Mr. Seguin was President of Magna Closures from January 2010 to January 2016.

James Tobin

Mr. James J. Tobin Sr. serves as Executive Vice President, President - Magna Asia of the Company. Mr. Tobin was President, Magna Japan and Korea since May 2010. He previously served as Executive Vice-President, Business Development (from December 2007 to May 2010), prior to which he served as Executive Vice-President, Business Development and Sales of Cosma International since January 2006.

Riccardo Trecroce

Mr. Riccardo C. Trecroce serves as Executive Vice President, Chief Legal Officer of the Company. Mr. Trecroce was Vice-President and General Counsel, North America from May 2009 to May 2014 and Vice-President and General Counsel, Americas and Asia from May 2014 to May 2018.

Scott Bonham

Mr. Scott B. Bonham serves as Non-Independent Non-Executive Director of the Company. He is the Co-Founder and Partner of The Fueling Station, a real estate management company that manages properties serving Canadian entrepreneurs and start-up companies. He co-founded GGV Capital, an expansion stage venture capital firm with investments in the U.S. and China, where he served as a Venture Partner (2011-2015) and a Partner (2000-2011). Prior to co-founding GGV in 2000, Mr. Bonham served as Vice-President of the Capital Group of Companies, where he managed technology investments across several mutual funds (1996-2000). Mr. Bonham also previously served in various marketing roles at Silicon Graphics (1992-1996), as a manufacturing and information systems strategy consultant at Booz, Allen & Hamilton (1989-1992) and systems engineer and maintenance foreman at General Motors of Canada. Mr. Bonham has previously served on a number of private and public company boards and audit committees, including Hurray! Holding Co. Ltd., the shares of which were quoted on the Nasdaq National Market. He is currently a board member of the C100, an association that connects Canadian entrepreneurs and companies with its Silicon Valley network. Mr. Bonham has a B.Sc in electrical engineering (Queen’s) and an MBA (Harvard). Mr. Bonham serves as a director of the Bank of Nova Scotia, which provides routine banking services to Magna. Magna’s fees to the Bank of Nova Scotia in 2015 amounted to approximately $2.5 million, in relation to the bank’s total 2015 revenues of over $24 billion. In the event of a conflict of interest on any matter, Mr. Bonham will not participate in the portion of the meeting at which the matter is discussed, nor in any Board decision on the matter. No such issues arose in 2015.

Peter Bowie

Mr. Peter G. Bowie serves as Independent Director of the Company. He is a corporate director who most recently served as the Chief Executive of Deloitte China from 2003 to 2008, as well senior partner and a member of the board and the management committee of Deloitte China until his retirement from the firm in 2010. Mr. Bowie was previously Chairman of Deloitte Canada (1998-2000), a member of the firm’s management committee and a member of the board and governance committees of Deloitte International. He is a past member of the board of the Asian Corporate Governance Association and has served on a variety of boards in the private and non-governmental organization sectors. Mr. Bowie has a B.Comm (St. Mary’s), as well as an MBA (Ottawa) and has received an honorary doctorate (Ottawa). Mr. Bowie is a Fellow of the Institute of Chartered Accountants of Ontario and the Australian Institute of Corporate Directors.

Mary Chan

Ms. Mary S. Chan serves as Independent Director of the Company. Ms. Chan brings to the Board extensive experience in connected cars, autonomous and semi-autonomous vehicles, as well as mobility communications infrastructure, products and services. Since 2015, Ms. Chan has been a managing partner of VectoIQ LLP, prior to which she served as: President, Global Connected Consumer & OnStar Service of General Motors Company (2012-2015); Senior VP & General Manager, Enterprise Mobility Solutions & Services, Dell Inc. (2009-2012); and progressive executive roles, including Executive Vice-President and President of 4G/LTE Wireless Networks, at Alcatel-Lucent Inc. (1996-2009). Ms. Chan, who holds B.Sc. and M.Sc. degrees in Electrical Engineering (Columbia), also serves on the boards of Dialog Semiconductor PLC, SBA Communications Corporation and Microelectronics Technology Inc.

V. Peter Harder

The Hon. V. Peter Harder serves as Independent Director of the Company. Mr. Harder is Senior Policy Advisor to Dentons LLP since 2007. He possesses extensive expertise in public policy as a result of his involvement in decision-making within the Government of Canada for over thirty years. Prior to joining Dentons, Mr. Harder was a long serving Deputy Minister in the Government of Canada, having first been appointed as Deputy Minister in 1991 and serving as the most senior public servant in a number of federal departments including Treasury Board, Solicitor General, Citizenship and Immigration, Industry and Foreign Affairs and International Trade until 2007. While Deputy Minister of Foreign Affairs, Mr. Harder served as the first co-chair of the Canada-China Strategic Working Group which had been established by the Canadian and Chinese governments to make recommendations on improving trade and investment flows between Canada and China. Mr. Harder currently serves as the President of the Canada-China Business Council (since 2008) and a member of the International Institute of Strategic Studies. Mr. Harder has a B.A. (Waterloo) as well as an M.A. (Queen’s) and has received an honorary doctorate in law (Waterloo).

Kurt Lauk

Dr. Kurt J. Lauk Ph.D. serves as Independent Director of the Company. He is the co-founder and President of Globe CP GmbH, a private investment firm. He possesses extensive European automotive industry experience, primarily through his positions as Member of the Board of Management and Head of World Wide Commercial Vehicles Division of Daimler Chrysler (1996-1999), as well as Deputy Chief Executive Officer and Chief Financial Officer (with responsibility for finance, controlling and marketing) of Audi AG (1989-1992). Dr. Lauk has other extensive senior management experience, including as Chief Financial Officer and Controller of Veba AG (now known as E.On AG) (1992-1996), Chief Executive Officer of Zinser Textil Machinery GmbH (1984-1989) and as a Partner and Vice-President of the German practice of Boston Consulting Group (1978-1984). Dr. Lauk served as a Member of European Parliament (2004-2009), including as a Member of the Economic and Monetary Affairs Committee and Deputy Member of the Foreign and Security Affairs Committee. He currently serves as a Trustee of the International Institute for Strategic Studies in London and is an honorary professor with a chair for international studies at the prestigious European Business School in Reichartshausen, Germany. Dr. Lauk possesses both a PhD in international politics (Kiel), as well as an MBA (Stanford).

Robert MacLellan

Mr. Robert F. MacLellan CPA serves as Independent Director of the Company. He serves as the non-executive Chairman of Northleaf Capital Partners, an independent global equity and infrastructure fund manager and advisor (since 2009), prior to which he was the Chief Investment Officer of TD Bank Financial Group (TDBFG) (2003-2008) where he was responsible for overseeing the management of investments for its Employee Pension Fund, The Toronto-Dominion Bank, TD Mutual Funds and TD Capital Group. He served in various other capacities with TDBFG (1995-2003). Prior boards include WIND Mobile Group, ACE Aviation Holdings Inc., Birch Hill Equity Partners and Maple Leaf Sports and Entertainment Ltd. Mr. MacLellan is currently Chairman of the Board of Right to Play International, an organization that uses sport and play to empower and educate youth. He is a Chartered Accountant and has a B.Comm. (Carleton) and an MBA (Harvard).

Cynthia Niekamp

Ms. Cynthia A. Niekamp serves as Independent Director of the Company. She is the Senior Vice-President, Automotive Coatings, of PPG Industries, Inc. She possesses over 30 years of automotive and other industrial manufacturing experience through her current and prior roles at PPG (since 2009); BorgWarner, where she served as President & General Manager, BorgWarner Torq Transfer Systems (2004 to 2008); MeadWestvaco Corporation, where she served in various roles (1995 to 2004), including Senior Vice-President & Chief Financial Officer (2003 to 2004) and President, Special Paper Division (1998 to 2002); TRW (1990 to 1995); and General Motors (1983 to 1990). Ms. Niekamp currently serves as a Trustee of Kettering University and previously served on the boards of Rockwood Holdings, Delphi Corp. and Cooper Tire and Rubber, as well as Berkshire Applied Technology Council. Ms. Niekamp has a B.S. in industrial engineering (Purdue), as well as an MBA (Harvard). Ms. Niekamp is a fellow of the National Association of Corporate Directors.

William Ruh

Mr. William A. Ruh serves as Independent Director of the Company. Mr. Ruh brings to the Board a track record of success in managing the digital transformation of a large industrial company. He also possesses a wealth of expertise in advanced software and industrial internet solutions, including cloud-based platforms, analytics, and information technology/cybersecurity, developed over the course of a thirty year career in the software industry. Mr. Ruh is the chief executive officer for GE Digital as well as the senior vice president and Chief Digital Officer (CDO) for GE. Prior to joining GE, Mr. Ruh was vice president at Cisco Systems, Inc. (2004-2011) where he held global responsibility for developing advanced services and solutions. Mr Ruh has also held executive management positions at Software AG, Inc. (2001-2004) and The Advisory Board Company (2000-2001), among others. Mr. Ruh is an author and a frequent speaker on such topics as emerging business models, cloud computing, analytics, mobile computing, agile development, large scale distributed systems and machine to machine communications. He has a B.Sc. and M.Sc. in computer science from (California State).

Indira Samarasekera

Dr. Indira V. Samarasekera Ph.D. serves as Independent Director of the Company. She currently serves as the President and Vice-Chancellor of the University of Alberta (since 2005), for the second of two terms which will end in June 2015. Dr. Samarasekera is internationally recognized as a leading metallurgical engineer, including for her work on steel process engineering for which she was appointed an Officer of the Order of Canada. Prior to becoming the President of the University of Alberta, Dr. Samarasekera was Vice-President Research and held the Dofasco Chair in Advanced Steel Processing at the University of British Columbia (1996 to 2001). Under her leadership, the University of Alberta has built strong international partnerships, including with the Helmholtz Association of German Research Centres, the Li Ka Shing Foundation, as well as the Indian Institutes of Technology Bombay, Delhi and Roorkee. Additionally, during Dr. Samarasekera’s Presidency at the University of Alberta, she has overseen the completion of $1.5 billion in capital construction, including the National Institute for Nanotechnology. Among other things, Dr. Samarasekera formerly served as Chair of the Worldwide Universities Network and was previously a member of Canada’s Science, Technology and Innovation Council as well as Canada’s Global Commerce Strategy. Dr. Samarasekera has an M.Sc in mechanical engineering (California), as well as a PhD in metallurgical engineering (British Columbia) and is a Professional Engineer (P.Eng) who has been elected as a Foreign Associate of the National Academy of Engineering in the U.S. and appointed as a Fellow of the Canadian Academy of Engineering. Dr. Samarasekera serves as a director at the Bank of Nova Scotia.

Lisa Westlake

Ms. Lisa S. Westlake serves as Independent Director of the Company. Ms. Westlake most recently served as the Chief Human Resources Officer of global information and analytics services firm, IHS Markit Ltd. (2017-2018), prior to which she served in a range of senior human resources and finance roles with Moody’s Corporation, including Chief Human Resources Officer (2008-2017), Vice-President, Investor Relations (2006-2008) and Managing Director, Finance (2004-2006). In a career which spans nearly 35 years, Ms. Westlake also had a range of Financial Officer and other senior roles at: American Express Company (1996-2003); The Dun & Bradstreet Corporation (1989-1995); and Lehman Brothers (1984-1987). Ms. Westlake has a B.A. in biochemistry (Dartmouth), as well as an MBA (Columbia).

Basic Compensation