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Magna International Inc. (MGA)

NYSE - Nasdaq Real-time price. Currency in USD
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42.70-1.09 (-2.49%)
At close: 04:00PM EDT
42.35 -0.35 (-0.82%)
After hours: 07:59PM EDT

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 employees168,000

Key executives

NameTitlePayExercisedYear born
Mr. Seetarama Kotagiri M.Sc.CEO & Director5.96MN/A1969
Mr. Patrick W. D. McCannExecutive VP & CFO2.22MN/AN/A
Mr. Eric Jon WildsExecutive VP and Chief Sales & Marketing Officer2.22MN/AN/A
Mr. Tom J. RuckerPresident of MPT, MML, Electronics & Complete Vehicles2.22MN/AN/A
Mr. John H. FarrellPresident of Body & Exterior Systems and Seating3.19MN/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
Amounts are as of 31 December 2023, 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 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 1 July 2024 is 7. The pillar scores are Audit: 6; Board: 5; 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.