Intier announces Board of Directors
Intier announces Board of Directors
AURORA, ON, Aug. 16 - Intier Automotive Inc. announced today that Dr. Rudolf Streicher and Mr. Lawrence Worrell have been elected to serve as outside directors of the Company. Dr. Streicher is currently the Chairman of the Supervisory Board of Voest-Alpine Stahl AG and Boehler Uddeholm AG. He was formerly the Managing Director and Chairman of the Board of Austrian Industry Holding AG. He has also previously served as the Austrian Minister for Economic Affairs and Transportation as well as the Managing Director and Chairman of the Board of Steyr-Daimler-Puch AG and Austria Metall AG. Mr. Worrell, a Certified Management Accountant, is retired and worked for over 30 years in various financial and operational capacities at General Motors of Canada Limited. Prior to his retirement, Mr. Worrell was Vice President Purchasing, Strategic Planning and Operations as well as a member of the board of directors of General Motors of Canada Limited. Dr. Streicher and Mr. Worrell join Messrs Louis E. Lataif, Edward C Lumley, Neil G. Davis, Frank Stronach, James Nicol and Donald J. Walker and Ms. Belinda Stronach on the Board of Directors of the Company. Mr. Lataif has served as Dean of the School of Management at Boston University for approximately ten years. Prior to that time, he was employed at Ford Motor Company for approximately 27 years in various senior operational and sales and marketing capacities, including President, Ford of Europe and Vice-President, North American Sales Operations. He also serves on the boards of Bank Audi USA, Great Lakes Chemical Corporation and The Iacocca Foundation. Mr. Lumley is currently a Vice Chairman of BMO Nesbitt Burns Inc., prior to which time he was Chairman of Noranda Manufacturing Inc. and a Minister of the Crown for the Government of Canada. He currently serves on the boards of a number of public companies, including Magna International Inc., C-Mac Industries Inc., Air Canada and Canadian National Railway Company. Mr. Davis is currently a partner at the law firm of Davis Webb Schulze & Moon and has a general law practice with an emphasis on municipal, planning and environmental law. He is a member of the board of directors of the Company's affiliate, Decoma International Inc and is active in a number of charitable organizations in the Metropolitan Toronto area. Messrs. Stronach and Nicol and Ms. Stronach are nominees of the Company's major shareholder, Magna International Inc. Mr. Stronach is the founder and the Chairman of the Board of both Magna and the Company. Ms. Stronach is the Vice-Chairman and Chief Executive Officer of Magna and Mr. Nicol is the President and Chief Operating Officer of Magna. Commenting on the composition of the Board, Mr. Walker stated that "Management is pleased to have members of the board with such diverse individual backgrounds and extensive experience in the automotive industry who can assist in improving shareholder value". Intier is a global full service supplier and integrator of automotive interior and closure components, systems and modules. It directly supplies most of the major automobile manufacturers in the world and employs approximately 20,000 people at 62 manufacturing facilities, 17 product development, engineering and testing centers and 13 sales offices in North America, Europe, Brazil and China.