Mobility technology company Magna 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.
Kotagiri has more than 25 years of automotive industry experience, 21 of which have been with Magna. In his previous role as Magna’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 says: “With the next transformation in mobility upon us, Magna 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 Magna’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.”
Don Walker, current Magna CEO, adds: “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 Magna forward into the next decade and beyond.”
Magna has more than 152,000 employees and 346 manufacturing operations and 93 product development, engineering and sales centres in 27 countries.