Magna International Inc. (MG.TO)

56.23 +0.20 (+0.36%) At close: 04:00PM EDT

Magna International Inc.

337 Magna Drive
Aurora, ON L4G 7K1
Canada
905-726-2462
https://www.magna.com

Sector(s): Consumer Cyclical
Industry: Auto Parts
Full Time Employees: 165,000

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Seetarama Kotagiri M.Sc.	CEO & Director	8.01M	N/A	1969
Mr. Patrick W. D. McCann	Executive VP & CFO	2.99M	N/A	N/A
Mr. Eric Jon Wilds	Executive VP and Chief Sales & Marketing Officer	2.99M	N/A	N/A
Mr. Tom J. Rucker	President of MPT, MML, Electronics & Complete Vehicles	2.99M	N/A	N/A
Mr. John H. Farrell	President of Body & Exterior Systems and Seating	4.29M	N/A	N/A
Mr. Boris Shulkin	Executive VP and Chief Digital & Information Officer	N/A	N/A	N/A
Mr. Louis Tonelli	Vice President of Investor Relations	N/A	N/A	N/A
Mr. Bruce R. Cluney	Executive VP & Chief Legal Officer	N/A	N/A	1965
Joanne N. Horibe	Chief Compliance Officer	N/A	N/A	N/A
Ms. Tracy Fuerst	Vice President of Corporate Communications & PR	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, side doors, and greenhouse products. The Power & Vision segment offers electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; far camera module, remote camera heads, interior sensing camera, radars, thermal sensing, and domain controllers; interior and exterior mirrors, camera monitoring system driver/occupant monitoring systems, and smart actuators; forward and rear lighting, and lit grilles/panels/displays; latching system, door modules, charge port doors, power system, hinges, and door handles; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

Corporate Governance

Magna International Inc.’s ISS Governance QualityScore as of September 18, 2024 is 6. The pillar scores are Audit: 6; Board: 1; Shareholder Rights: 3; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.