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Magna International Inc. (MG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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69.09+0.41 (+0.60%)
At close: 04:00PM EDT

Magna International Inc.

337 Magna Drive
Aurora, ON L4G 7K1
Canada

https://www.magna.com

Sector(s)Consumer Cyclical
IndustryAuto Parts
Full Time Employees161,000

Key Executives

NameTitlePayExercisedYear Born
Mr. Seetarama Swamy Kotagiri M.Sc.CEO & Director3.67MN/AN/A
Mr. Vincent Joseph Galifi B.Com., C.A.Pres2.82MN/A1960
Mr. Tommy J. SkudutisExec. VP & COO2.77MN/AN/A
Mr. Eric Jon WildsExec. VP of Chief Sales & Marketing Officer1.02MN/AN/A
Mr. Guenther F. ApfalterPres of Magna Europe & Asia1.36MN/A1963
Mr. Patrick W. D. McCannExec. VP & CFON/AN/AN/A
Mr. Anton MayerExec. VP & CTON/AN/AN/A
Mr. Boris ShulkinExec. VP and Chief Digital & Information OfficerN/AN/AN/A
Mr. Louis TonelliVP of Investor RelationsN/AN/AN/A
Mr. Bruce R. CluneyExec. VP & Chief Legal OfficerN/AN/A1965
Amounts are as of December 31, 2021 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, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, front integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, and side doors. The Power & Vision segment offers hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch; dedicated hybrid, dual and hybrid dual, and manual transmissions; AWD/4WD products and rear drive modules; transmission, engine, driveline components, engine drive plates, and accessories; engineering services; advanced driver assistance systems and sensors, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; 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. The company also designs, engineers, and manufactures tooling products. 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 1, 2022 is 2. The pillar scores are Audit: 4; Board: 2; Shareholder Rights: 3; Compensation: 1.

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.