Management Shuffle At Magna

Magna International Inc. has announced that its president, Mark Hogan, has decided to leave Magna effective December 31, 2007, to pursue other opportunities.
Mr. Frank Stronach, Magna’s chairman, together with Magna’s co-chief executive officers Don Walker and Siegfried Wolf, jointly stated: “We thank Mark for his contributions to Magna over the past three years, particularly in building Magna’s presence in the Asia Pacific region and in strengthening our relationships with the Asian-based OEMs, and we wish him well in the future.”
“It has been a privilege to serve as Magna’s President and helping lead this great company as it celebrates 50 years of growth and success,” said Hogan.
“I am looking forward to both the opportunities and the challenges the future holds, and I wish Magna continued success.”
Magna also announced the appointment of Jim Tobin as Magna’s executive vice-president, business development and president of Magna Asia.
Mr. Tobin has been with Magna for five years as Cosma International’s executive vice president of sales and marketing.