Singapore markets closed

Magna International Inc. (MGA)

NYSE - Nasdaq Real-time price. Currency in USD
Add to watchlist
54.34-0.30 (-0.55%)
At close: 04:00PM EST
54.32 -0.02 (-0.04%)
After hours: 06:21PM EST

Magna International Inc.

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

Sector(s)Consumer Cyclical
IndustryAuto Parts
Full-time employees179,000

Key executives

NameTitlePayExercisedYear born
Mr. Seetarama Swamy Kotagiri M.Sc.CEO & Director3.77MN/A1970
Mr. Patrick W. D. McCannExecutive VP & CFO1.03MN/AN/A
Mr. Eric Jon WildsExecutive VP and Chief Sales & Marketing Officer1.03MN/AN/A
Mr. Boris ShulkinExecutive VP and Chief Digital & Information OfficerN/AN/AN/A
Mr. Louis TonelliVice President of Investor RelationsN/AN/AN/A
Mr. Bruce R. CluneyExecutive VP & Chief Legal OfficerN/AN/A1965
Joanne N. HoribeChief Compliance OfficerN/AN/AN/A
Ms. Tracy FuerstVice President of Corporate Communications & PRN/AN/AN/A
Mr. Aaron David McCarthyExecutive VP & Chief Human Resources OfficerN/AN/AN/A
Sharath ReddySenior Vice President-ElectronicsN/AN/AN/A
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

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, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, quarter windows, encapsulated glasses, and side doors. 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; engineering services; advanced driver assistance systems sensors and, 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 1 February 2024 is 7. The pillar scores are Audit: 5; Board: 3; 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 10 indicates higher governance risk.