Magna International Inc. (MGA)

55.68 +1.77 (+3.28%) At close: 04:00PM EST

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: 181,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Seetarama Swamy Kotagiri M.Sc.	CEO & Director	3.77M	N/A	1969
Mr. Vincent Joseph Galifi B.Com., C.A.	President	2.43M	N/A	1960
Mr. Patrick W. D. McCann	Executive VP & CFO	1.03M	N/A	N/A
Mr. Eric Jon Wilds	Executive VP and Chief Sales & Marketing Officer	1.03M	N/A	N/A
Mr. Anton Mayer	Executive VP & CTO	N/A	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 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 December 2023 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.