Canada: Magna chairman Frank Stronach stepping down

Magna International founder and chairman of the board Frank Stronach will step down from his post as chairman, a position he has held for nearly 40 years. Stronach Trust relinquished voting control of Magna in 2010. Stronach Trust has been Magna's controlling shareholder since 1978. The company's Class A shareholders approved Subscribe to Automotive World … Continued

• By Webmaster
• April 1, 2011