Linamar Corporation Announces the Appointment of Dale Schneider as Its New Chief Financial Officer
November 09 2011 - 8:58AM
Marketwired
Linamar Corporation (TSX:LNR) today announced the appointment of
Dale Schneider to the position of Chief Financial Officer of the
company, effective immediately.
Dale built his career at Linamar starting as a Co-Op student in
September 1990 before being hired full time in 1993. Dale has held
various Accounting Manager and Controller positions throughout
Linamar's facilities. In 2002, he became our Director of Planning
& Analysis with responsibilities for forecasting, budgeting and
M&A. Dale accepted the position of Director of Finance for the
Engine Group in 2005 until 2008 when he became our Corporate
Controller. Since November 2010, Dale has held the position of
Executive Vice President of Finance. Dale's background has provided
him with valuable experience in all facets of Accounting and
Finance at Linamar.
In addition to his work experience, Dale has a solid academic
foundation as a result of completing his Bachelor of Mathematics at
the University of Waterloo in 1993 where he specialized in
management accounting and information systems. In 1995, Dale
received his accounting designation and became a Certified
Management Accountant.
"We are thrilled to have Dale take on the role of CFO here at
Linamar," said Linda Hasenfratz Linamar's CEO. "Dale is an
accomplished Finance Executive with a great track record of
efficient team focused performance. His promotion is the
appropriate culmination of years of hard work, development and
successes here at Linamar."
Linamar Corporation (TSX:LNR) is a diversified global
manufacturing company of highly engineered products powering
vehicles, motion, work and lives. The company is made up of 4 key
divisions - Manufacturing, Driveline, Industrial Commercial Energy
(ICE) and Skyjack, all world leaders in the design, development and
production of highly engineered products. The company's
Manufacturing and Driveline divisions focus on precision metallic
components, modules and systems for engine, transmission and
driveline systems designed for passenger vehicle markets. The ICE
group concentrates on similar products for on and off highway
vehicle, energy and other industrial markets. The company's Skyjack
division is noted for their innovative, high quality mobile
industrial equipment, notably its class-leading aerial work
platforms and telehandlers. With more than 15,200 employees in 39
manufacturing locations, 5 R&D centers and 13 sales offices in
11 countries in North America, Europe and Asia, Linamar generated
sales of more than $2.2 Billion in 2010. 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 Andrea Bowman 519.836.7550 ext.
2007Andrea.bowman@linamar.com
Linamar (TSX:LNR)
Historical Stock Chart
From May 2024 to Jun 2024
Linamar (TSX:LNR)
Historical Stock Chart
From Jun 2023 to Jun 2024