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.
For further information:
Director, Corporate Communications