Linamar Corporation Announces the Appointment of Ted Mahood as its New Chief Financial Officer
December 11 2007 - 10:16AM
Marketwired
GUELPH, ONTARIO today announced the appointment of Ted Mahood to
the position of Chief Financial Officer of the company.
Ted Mahood, CA brings to the company a solid financial
background. He spent close to eighteen years with Toyota Motor
Manufacturing Canada Inc., most recently as the Assistant General
Manager Finance. Prior to joining Toyota Motor Manufacturing Canada
Inc. in 1993, Mahood worked for the Robert Hunt Corporation as the
Assistant Controller.
Mahood is a member of the Ontario Institute of Charted
Accountants and holds a Bachelor of Arts, Honours Business
Administration and a Bachelor of Arts, Economics from the
University of Western Ontario.
"We are thrilled to have Ted join our team here at Linamar,"
said Linda Hasenfratz Linamar's CEO. "Ted is an accomplished
Finance Executive with a great track record of efficient team
focused performance. Ted will be an invaluable asset to our
organization and bring with him the many skills he developed while
working for a leader in our industry, Toyota Manufacturing Canada
Inc."
Ted Mahood will assume his position as Linamar's Chief Financial
Officer on January 2, 2008.
Linamar Corporation (TSX: LNR) is a diversified global
manufacturing company of highly engineered products. The company's
Powertrain and Driveline focused divisions are world leaders in the
collaborative design, development and manufacture of precision
metallic components, modules and systems for global vehicle
markets. The company's Industrial division is a world leader in the
design and production of innovative mobile industrial products,
notably its class-leading aerial work platforms. With more than
12,000 employees in 37 manufacturing locations, 5 R&D centers
and 9 sales offices in Canada, the US, Mexico, Germany, Hungary,
China, Korea and Japan Linamar generated sales of close to $2.3
Billion in 2006. For more information about Linamar Corporation and
its industry leading products and services, visit
www.linamar.com.
Certain information regarding Linamar set forth in this
document, including management's assessment of the Company's future
plans and operations may constitute forward-looking statements.
This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to
predict. Actual results may differ materially from these
anticipated in the forward-looking statements due to factors such
as customer demand and timing of buying decisions; product mix;
competitive products; the cost, timing and effectiveness of cost
reduction initiatives; and pricing pressure. In addition,
uncertainties and difficulties in domestic and foreign financial
markets and economies could adversely affect demand from customers.
These factors, as well as general market, economic and political
conditions, may in turn have a material adverse effect on the
Company's financial results. The Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those reflected in the
forward-looking statements.
Contacts: Linamar Corporation Crystal Roberts (519) 836-7550
ext. 2009 Email: crystal.roberts@linamar.com Website:
www.linamar.com
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