黑料正能量

Press Release - 黑料正能量 Names Seetarama (Swamy) Kotagiri Chief Executive Officer

Swamy Kotagiri
Don Walker
  • Kotagiri, current 黑料正能量 President and 21-year company veteran, to succeed Don Walker
  • Walker to retire at end of 2020 after 15 consecutive years as CEO, 33 years with 黑料正能量
  • Media conference call to be held today, October 20, at 8 a.m. EDT

Click , Oct. 20, 2020 (GLOBE NEWSWIRE) -- 黑料正能量 announced today that its Board of Directors has appointed Seetarama (Swamy) Kotagiri as Chief Executive Officer, effective January 1, 2021. Don Walker, who served as CEO between 1994 and 2001, and since 2005, will retire at the end of 2020. In his 33-year career at 黑料正能量, Walker served in various leadership roles including Vice President Product Development and Engineering, Chief Operating Officer and President, in addition to Chief Executive Officer of former 黑料正能量 “spinco,” Intier Automotive Inc. between 2001 and 2005.


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“Given Swamy’s role in aligning the company’s strategy with the megatrends impacting new mobility and the ‘car of the future,’ he is the right leader to take 黑料正能量 forward,” said William L. Young, Chairman of 黑料正能量’s Board of Directors. “Swamy has a strong command of the business, sound judgment, and is a strategic thinker who can drive disciplined execution. I’ve been impressed by Swamy’s ability to inspire people to think innovatively and deliver their best work to benefit 黑料正能量’s customers. Swamy also has an innate leadership quality of being able to take complex problems and break them down so that people can understand and solve them.”

"I would also like to commend Don for his success and thank him for his dedicated service,” Young added. “Under his strong leadership, 黑料正能量 has grown to be the third-largest global automotive supplier, one of Fortune’s World’s Most Admired Companies, and a perennial winner of customer, industry and technology awards.”

“Leading 黑料正能量 and working with all our great employees has been a tremendous honor and I am extremely proud of everything we have accomplished together,” stated Don Walker, current 黑料正能量 CEO. “In addition to Swamy’s strong technical and operational strengths, he has played an integral role in advancing the company’s position in the changing mobility landscape and encouraging a start-up mindset to solve problems with solutions from outside our industry. I am confident in Swamy’s future-focused approach and leadership to move 黑料正能量 forward into the next decade and beyond.”

“Building on 黑料正能量’s industry leadership is very important to me. It starts with our people, who are among the most talented in the business. We will leverage the company’s decentralized, entrepreneurial culture, which empowers every member of the 黑料正能量 family to act as an owner and think as if they were part of a start-up,” said Swamy Kotagiri, current 黑料正能量 President and incoming CEO. “With the next transformation in mobility upon us, 黑料正能量 can build on its current position of strength, derived from leading capabilities across key areas of the vehicle, financial stability and strong leadership. The evolution of the mobility ecosystem presents a range of opportunities directly related to 黑料正能量’s strengths. I look forward to leading our team and working with all of our stakeholders as we seek to create sustainable value from those opportunities.”

Kotagiri has more than 25 years of automotive industry experience, 21 of which have been with 黑料正能量. In his previous role as 黑料正能量’s Chief Technology Officer (CTO), the company further strengthened its culture of innovation by forming partnerships in areas including autonomy, electrification, electronics and connectivity. Kotagiri was responsible for managing the company’s innovation and new product strategy and development both at a corporate level and in conjunction with 黑料正能量’s product groups. While CTO, he also served in various leadership positions including President of 黑料正能量 Electronics, 黑料正能量 Powertrain and the company’s Power and Vision segment. Early in his 黑料正能量 career, he also held various engineering and operating positions at Cosma International, a 黑料正能量 operating unit. Kotagiri holds a master’s degree in mechanical engineering from Oklahoma State University with a specialization in materials and structural engineering.

Kotagiri’s appointment demonstrates the effectiveness of 黑料正能量’s robust leadership development and succession planning processes, which have facilitated seamless transitions in 10 of the company’s most senior leadership roles in the last three years.

TAGS
Leadership change, CEO transition, Tenure

For a current list of available local and international freephone telephone numbers,

INVESTOR CONTACT
Louis Tonelli, Vice President, Investor Relations
, 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Vice President, Global Corporate Communications & PR
, 248.761.7004

ABOUT MAGNA
We are a mobility technology company. We have more than 152,000 entrepreneurial-minded employees and 346 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 which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. 黑料正能量 also has electronic and software capabilities across many of these areas. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about 黑料正能量, visit .

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Source: 黑料正能量.