Magna International Inc. (MGA) is a global automotive supplier specializing in the design, engineering, and manufacturing of systems and components for vehicles. The company serves Original Equipment Manufacturers (OEMs) worldwide, offering products aligned with industry trends such as electric vehicles, autonomous driving, and advanced safety systems. Magna operates through multiple product lines that cater to various aspects of vehicle production and assembly.
- Body Exteriors & Structures - Manufactures structural components and exterior systems that enhance vehicle safety, durability, and aesthetics.
- Power & Vision - Develops powertrain systems and advanced vision technologies, including electrification solutions and driver assistance systems.
- Seating Systems - Produces innovative seating solutions that prioritize comfort, safety, and functionality for vehicle interiors.
- Complete Vehicles - Provides end-to-end vehicle assembly services, including engineering, manufacturing, and program management for OEMs.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Seetarama S. Kotagiri ExecutiveBoard | President and Chief Executive Officer (CEO) | Seetarama S. Kotagiri is the CEO of Magna International Inc. since January 2021 and joined Magna's Board of Directors on January 1, 2021. Previously, he served as President of Magna International from January 2020 to December 2020 and as Executive Vice-President and Chief Technology Officer from January 2014 to January 2020. | View Report → | |
Eric J. Wilds Executive | Chief Strategy & Commercial Officer | Eric J. Wilds is the Chief Strategy & Commercial Officer at MGA since October 31, 2024. He has been with the company since 1993 and previously served as Chief Sales & Marketing Officer until October 2024. | ||
John H. Farrell Executive | Executive Vice-President and Chief Operating Officer | John H. Farrell is the COO of Magna International Inc. since December 2024. He previously served as President (Cosma, Exteriors and Seating) from January 2023 to November 2024 and as President of Cosma International from January 2013 to December 2022. | ||
Patrick W.D. McCann Executive | Executive Vice-President and Chief Financial Officer (CFO) | Patrick W.D. McCann is the Executive Vice-President and Chief Financial Officer (CFO) at Magna International Inc. since January 2022, having previously served as Senior Vice-President, Finance from May 2019 to December 2021 and Vice-President, Cosma Group from January 2016 to April 2019. | ||
Tom Rucker Executive | Executive Vice-President and Chief People and Business Transformation Officer | Tom Rucker is a seasoned executive at Magna International Inc., serving as Executive Vice-President and Chief People and Business Transformation Officer since December 2024. He previously held roles as President of Power & Vision and Complete Vehicles (January 2023 to November 2024) and President of Magna Powertrain (October 2019 to December 2022). | ||
Dr. Indira V. Samarasekera Board | Independent Director | Intact Financial: Chair of the Human Resources and Compensation Committee; Canadian Institute for Advanced Research | Dr. Indira V. Samarasekera has served as an Independent Director at MGA since May 8, 2014 and as Chair of the Talent Oversight and Compensation Committee since August 2022. She is a recognized metallurgical engineer with experience in multiple leadership roles. | |
Dr. Thomas Weber Board | Corporate Director | Director of Acatech; President of Acatech; Honorary Professor at the University of Stuttgart | Dr. Thomas Weber is currently the Corporate Director at MGA since January 1, 2022. He has a distinguished background in the automotive industry, having served on Daimler’s Board of Management from 2004 to 2016 and holding significant roles such as Director (since 2017) and President (since 2023) at Acatech, in addition to his role as Honorary Professor at the University of Stuttgart since 2010. | |
Hon. V. Peter Harder Board | Corporate Director | Senator in Ontario, Canada | Hon. V. Peter Harder has served as Corporate Director and Independent Director at Magna International Inc. since January 10, 2020 and was confirmed as the Chair of the Governance, Nominating and Sustainability Committee on May 8, 2025. | |
Jan R. Hauser Board | Independent Director | Enfusion Inc. (Audit Chair; Compensation); Sprinklr Inc. (Audit) | Jan R. Hauser is an Independent Director at Magna International Inc. since August 1, 2022. She brings over 35 years of global financial leadership with previous experience at PricewaterhouseCoopers, General Electric Company, and the U.S. Securities and Exchange Commission. | |
Jay K. Kunkel Board | Corporate Director | Jay K. Kunkel serves as a Corporate Director at Magna International Inc. since May 11, 2023, and is an independent director on the Audit and Technology Committees. Previously, he held executive roles at Tenneco and Lear Corporation. | ||
Lisa S. Westlake Board | Corporate Director | Lisa S. Westlake has been a Corporate Director at Magna International since May 9, 2019. With nearly 35 years of experience in leadership roles across companies such as Moody’s Corporation and IHS Markit Ltd , she contributes her expertise in governance and oversight at MGA. | ||
Mary Lou Maher Board | Director | Independent Director and Chair of the Audit Committee at CIBC; Director, Chair of the Human Resources Committee at CAE Inc. | Mary Lou Maher has served as an independent Director at MGA since May 6, 2021 and was appointed Audit Committee Chair in May 2024. Prior to MGA, she held leadership roles at KPMG Canada, CIBC, and CAE Inc. | |
Mary S. Chan Board | Corporate Director | Chief Operating Officer of Nikola Corporation; Board Member at SBA Communications Corporation | Mary S. Chan has served as a Corporate Director at Magna International (MGA) since August 10, 2017. She brings extensive expertise from her executive roles as Chief Operating Officer of Nikola Corporation since October 2023 and other leadership positions at major companies. | |
Matthew Tsien Board | Corporate Director | Board member at AGCO Corporation | Matthew Tsien was appointed as Corporate Director at Magna International Inc. on May 11, 2023, after a distinguished 45-year career at General Motors holding roles such as Executive Vice President and Chief Technology Officer. | |
Peter Sklar Board | Independent Director | Peter Sklar joined MGA’s Board of Directors on February 14, 2025 as an independent director. He brings nearly four decades of expertise in the automotive and investment sectors, previously serving as a top-ranked equity research analyst at BMO Capital Markets. | ||
Robert F. MacLellan Board | Board Chair | Chairman of Northleaf Capital Partners; Independent Director of T. Rowe Price Group, Inc. | Robert F. MacLellan has served as the Board Chair at MGA since May 2022 and has extensive experience in finance, governance, and leadership; he has also held prominent roles such as Chairman of Northleaf Capital Partners and Chief Investment Officer at TD Bank Financial Group. | |
William A. Ruh Board | Corporate Director | CEO of Lifestyle Solutions Real Estate | William A. Ruh has served as Corporate Director at MGA since May 11, 2017 and is also the Chair of the Technology Committee, playing a key role in overseeing technological trends and risks. He brings extensive digital transformation expertise from his roles at companies such as Lendlease Group, GE Digital, and Cisco, and he is additionally the CEO of Lifestyle Solutions Real Estate. |
- Regarding the $55 million tariff impact in Q2 and the anticipated recovery in the second half, can you detail the framework agreements with OEMs and how you plan to manage potential delays or lumpy recoveries in Q4?
- With North American production guidance set at 14.7 million units despite soft market trends and lower global inventories, how confident are you in achieving this target and what contingency measures do you have if volumes decline further?
- You mentioned a 40 basis point margin improvement driven by operational excellence initiatives alongside tariff recoveries; can you provide more clarity on the specific contributions of cost reduction versus mix improvements compared to historical trends?
- For the Seating segment, which experienced a 60 basis point tariff headwind in H1 but is expected to see margin improvements in H2, how do you ensure that its ROIC continues to exceed the cost of capital amid current market uncertainties?
- As market conditions remain uncertain across regions, how are you reassessing your portfolio and capital allocation strategy, particularly with respect to deferred investments and ongoing share repurchase programs?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
HE System Electronic (HES) | 2024 | The acquisition was completed on May 31, 2024, for a total consideration of $51 million (net of $1 million cash acquired) with purchase price allocations of $6 million for non-cash working capital and $45 million for long-lived assets, enhancing Magna’s micro‐electronic assemblies and electronic systems capabilities within its Power & Vision segment. |
Body Exteriors & Structures Business | 2024 | In the second quarter of 2024, Magna acquired a business in its Body Exteriors & Structures segment for $5 million, which resulted in a bargain purchase gain of $9 million, thereby broadening its offerings in this area. |
Veoneer Active Safety Business | 2023 | The acquisition of the Veoneer Active Safety Business was completed on June 1, 2023, for $1.525 billion in cash (subject to customary adjustments) and financed through multiple instruments, strategically expanding Magna’s Active Safety and ADAS capabilities with associated transaction costs of $23 million. |
Recent press releases and 8-K filings for MGA.
- TWFG reported strong second quarter 2025 results, with Total Revenues increasing 13.8% to $60.3 million and Net income reaching $9.0 million for the quarter ended June 30, 2025.
- Adjusted EBITDA for the quarter increased 40.7% over the prior year period to $15.1 million, with an Adjusted EBITDA Margin of 25.1%.
- Total Written Premium for the quarter increased 14.4% to $450.3 million compared to the prior year period.
- The company updated its full-year 2025 guidance, expecting Total Revenues between $240 million and $255 million, and an Adjusted EBITDA Margin in the range of 21% to 23%.
- During the second quarter of 2025, TWFG completed four acquisitions and onboarded nine new retail branches, expanding into Kentucky.
- Magna's direct tariff exposure has been reduced to approximately $200 million on an annualized basis, down from $250 million guided in May, with $55 million expensed year-to-date, primarily mitigated by increasing USMCA compliance and North American content.
- The company anticipates an operational improvement of approximately 75 basis points split between 2025 and 2026, driven by continuous improvement initiatives and automation, contributing to margin expansion.
- Magna targets a net leverage of 1.5x and expects to achieve this in 2026, prioritizing a strong balance sheet, organic growth, a growing annual dividend of roughly $550 million, and share repurchases.
- In China, Magna's sales reached $5.5 billion last year, with 60% attributed to domestic OEMs, and the company expects its electrochromic auto-dimming mirror market share in China to grow to nearly 30% in the coming years.
- Magna's complete vehicle assembly business at Graz is projected to produce around 75,000 units this year, while volumes for ArcFox models in their China joint venture have been steadily increasing for the past 15 months.
- Magna's integrated interior sensing systems are experiencing growing demand from multiple OEMs worldwide.
- Over the last 18 months, Magna has been awarded or begun production on five OEM programs across North America, Europe, and Asia for its interior sensing systems.
- S&P Global forecasts a 3.5 times growth in interior sensor adoption from 2024 to 2032, driven by legislation and safety ratings supporting ADAS.
- A key component is Magna's Child Presence Detection (CPD) technology, which addresses the critical safety issue of children being left in vehicles.
- These systems integrate cameras and radars to monitor various in-vehicle conditions, enhancing overall vehicle safety and performance.