{"id":407180,"date":"2021-01-04T06:03:26","date_gmt":"2021-01-04T11:03:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407180"},"modified":"2021-01-04T06:03:26","modified_gmt":"2021-01-04T11:03:26","slug":"new-year-brings-new-ceo-for-magna","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-year-brings-new-ceo-for-magna\/","title":{"rendered":"New Year Brings New CEO for Magna"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li>21-year company veteran Swamy Kotagiri takes the helm at Magna<\/li>\n<li>Former Magna President and CTO blends strategic vision, leadership capabilities and technical expertise<\/li>\n<\/ul>\n<p>AURORA, Ontario, Jan.  04, 2021  (GLOBE NEWSWIRE) &#8212; Last October, Magna\u2019s Board of Directors announced the appointment of Swamy Kotagiri as Magna\u2019s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his first day as CEO and a Director of Magna International.<\/p>\n<p>Kotagiri has been with Magna, one of the world\u2019s largest suppliers in the mobility space, for more than 21 years and served in various product groups and corporate roles, spanning functions including engineering, operations and R&amp;D. He contributed to the company\u2019s recent growth and evolution through his operational leadership and aligned the organization\u2019s strategy around the trends shaping future mobility.<\/p>\n<p>\u201cOur industry is increasingly high-tech, complex and changing. In our 60-year history, Magna has continued to evolve with it, and I am confident we will continue to do so,\u201d said Kotagiri. \u201cHow we look at and address the future of mobility will have far-reaching consequences, not just for people, but for society as a whole. My vision for the company is to continue advancing mobility for everyone and everything, while shaping a better future for all. Magna, our strong management team and our entrepreneurial-minded employees are up for the challenge.\u201d<\/p>\n<p>Kotagiri was recently featured in <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0NQHcEvl6CC7cAQvKkftx-adVjI9R8Y4xanNaThJjMZBbGJpgegdZdpyQLO1rI3YiSZQqyFMYh2bSQJau_t5q3S3kx-KQW6cjgYqtNJmLjDEsZKPwQg24NO2FRo0LfZQThXRIRkG04UhI6cV9KFTVQX46x2qJgpm7TenAUHUtiCS79AXpap0Kr6kZyl-LgZoGd7E9fqF2B6WbfjVfk2ZBu9EkwDr3sDWh9xQDayp8dzku1DBi6t0equgmwlUlniUPhgyJaeoObZGeEM-N0rKEw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Business Insider\u2019s 100 People Transforming Business<\/a>, an annual list and series highlighting those across industries who are changing the way the world does business.<\/p>\n<p>TAGS<br \/>Chief Executive Officer, corporate leadership<\/p>\n<p>INVESTOR CONTACT<br \/>Louis Tonelli, Vice President, Investor Relations <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=afZqr_WY8WlCDdq5UBe_wsISeakR-pFA3ekJ0XRHynkgy6NA3NL6HLNYeOD1rZhY6nVHJtJ8-jpHTo2BOn1rY4Rkuruj9ubefVb0yxkF6fs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">louis.tonelli@magna.com<\/a>, (+1) 905.726.7035<\/p>\n<p>MEDIA CONTACT<br \/>Tracy Fuerst, Vice President, Corporate Communications &amp; PR<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v5iUfgwN0Dl9K0iErHmBpcUwzFYzBYj383yyuyY-9UdAWU0uPEny7ycVqLOwB0m4ka6VCfWNt2jROxCIgieL_xTztpxcGgpVJ7EF2-71JvQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">tracy.fuerst@magna.com<\/a>, (+1) 248.631.7004<\/p>\n<p>ABOUT MAGNA <br \/>We are a mobility technology company. We have over 157,000 entrepreneurial-minded employees, 344 manufacturing operations and 93 product development, engineering and sales centres in 27 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities that include body, chassis, exteriors, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. Our common shares trade on the\u00a0Toronto Stock Exchange\u00a0(MG) and the\u00a0New York Stock Exchange\u00a0(MGA). For further information about Magna, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_Mg0Qo6dLEYc3ihEzMbRJkQtdj0a0T1ixSW7JZm-KY47-qIb2XGMEUGUngOyziokUP4HPk8vBTGm7358i2OP2A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.magna.com<\/a>.<\/p>\n<p>\n        <strong>THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE \u201cFORWARD-LOOKING STATEMENTS\u201d UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA\u2019S REGULATORY FILINGS. PLEASE REFER TO MAGNA\u2019S MOST CURRENT MANAGEMENT\u2019S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA\u2019S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA\u2019S WEBSITE AT\u00a0<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zyC6KcIO9T_FECYZiqvvGP_R5qgbTDzHd1MwlhzOr40LmCUXlGAz8Mdav1inGQJMq995Bodmc4_nnQGlgS9QnA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>WWW.MAGNA.COM<\/strong><br \/>\n        <\/a><br \/>\n        <strong>.<\/strong>\n      <\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4NzvqZzuWeDgnOcLLSaeDhI6uMkmYCyJvAiyep05udwDi1KTiXLwW-LboCNl9azRou6-C3A39AbYlxoc95gvgkX1OhQhRa6AAQeIdufWt2xWhYQyU0n_AW67uw06bExdMaOKrLM2rxgriEMLGs1lXoqN7XBQghiebKSvtcXn3JwVaQn8ku9T0m0C_RT3cw5D38i5Rn8BkPrczK-6Ukrlh40hdOIG766bCZfACOXvyh4qYDFPVBvVByCbLS7H3TxHuDayN4FY_UYVKoH7LSq0PA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/df3f6e2e-409d-4b32-871d-b6d709acbf90<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExOTY5NiMzOTAyMjc2IzIwMDg4MTU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/568986f9-13f3-46b9-91e2-9fa6f45d5305\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>21-year company veteran Swamy Kotagiri takes the helm at Magna Former Magna President and CTO blends strategic vision, leadership capabilities and technical expertise AURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; Last October, Magna\u2019s Board of Directors announced the appointment of Swamy Kotagiri as Magna\u2019s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his first day as CEO and a Director of Magna International. Kotagiri has been with Magna, one of the world\u2019s largest suppliers in the mobility space, for more than 21 years and served in various product groups and corporate roles, spanning functions including engineering, operations and R&amp;D. He contributed to the company\u2019s recent growth and evolution through his operational leadership and aligned the organization\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-year-brings-new-ceo-for-magna\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Year Brings New CEO for Magna&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407180","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Year Brings New CEO for Magna - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-year-brings-new-ceo-for-magna\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Year Brings New CEO for Magna - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"21-year company veteran Swamy Kotagiri takes the helm at Magna Former Magna President and CTO blends strategic vision, leadership capabilities and technical expertise AURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; Last October, Magna\u2019s Board of Directors announced the appointment of Swamy Kotagiri as Magna\u2019s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his first day as CEO and a Director of Magna International. Kotagiri has been with Magna, one of the world\u2019s largest suppliers in the mobility space, for more than 21 years and served in various product groups and corporate roles, spanning functions including engineering, operations and R&amp;D. 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