AURORA, ON,
July 5, 2013 /CNW/ - Magna
International Inc. announced today that Dr. Herbert Demel has stepped down from his role as
Chief Strategy Officer effective July 1,
2013.
Dr. Demel joined Magna in 2002 and has held various senior
executive management roles within the company, including service
with Magna Steyr, Magna Powertrain,
and Magna International as President of Magna China, India, Southeast
Asia and South America. A
native of Vienna, Demel started
his career at Bosch and went on to become Chairman of the Board of
Audi AG, Ingolstadt, President of Volkswagen do Brasil, and CEO of
Fiat Spa, Torino.
Dr. Demel will celebrate his 60th birthday this autumn, and
requested the change to have more time and freedom to pursue other
interests. Since the beginning of this year, Demel has been
appointed to a professorship at the Technical University of
Vienna.
"I would like to thank Herbert for the significant contribution
he has made over many years of service as a senior executive of the
company," said Magna CEO Don Walker.
"Magna has a very strong management team co-located around the
world. We look forward to continuing to benefit from Dr. Demel's
deep industry expertise and knowledge in his role as a special
advisor on strategic matters to myself and the rest of the global
executive management team."
About Magna International
We are a leading global automotive supplier with 315 manufacturing
operations and 87 product development, engineering and sales
centres in 29 countries. Our 121,000 employees are focused on
delivering superior value to our customers through innovative
processes and World Class Manufacturing. Our product capabilities
include producing body, chassis, interior, exterior, seating,
powertrain, electronic, vision, closure and roof systems and
modules, as well as complete vehicle engineering and contract
manufacturing. Our common shares trade on the Toronto Stock
Exchange (MG) and the New York Stock Exchange (MGA). For further
information about Magna, visit our website at
www.magna.com.
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SOURCE Magna International Inc.