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Gingl captivated top positions at Magna International for abounding years.

Car interiors specialist International Automotive Components Group (IAC) called above Magna International controlling Manfred Gingl to the column of CEO afterward the retirement of Steve Miller beforehand this month.

Austrian-born Gingl, 69, was CEO of Magna Aftermarket from 2008-2010 and had ahead been controlling carnality administrator of Magna International. He was best afresh CEO of Canadian electric bike aggregation BionX, which went into receivership in February.

“We are aflame to accept an controlling as able and admired as Manfred advance IAC and assassinate our cardinal affairs to abound the company,” IAC Administrator Stephen J. Toy said in a statement.

IAC specializes in bang molded autogenous genitalia such as dashboards, consoles, and aperture panels. The aggregation ranked 41st on Automotive News’ top 100 genitalia suppliers account with a acquirement of $4.4 billion in 2017. It is majority endemic by WL Ross & Co, which is co-headed by U.S. Commerce Secretary Wilbur Ross.

Gingl migrated from his built-in Austria to Canada in 1966 and began his career a apparatus and die maker with Multimatic Inc. The aggregation was alloyed with Magna Electronics in 1968 to anatomy Magna International.

Gingl was a aing acquaintance of Magna architect Frank Stronach and captivated more chief positions at the supplier, including CEO of Magna International from 1988 to 1992.

IAC said Natale Rea, who served as acting CEO afterward Miller’s retirement, will abide to serve as president. Miller had been IAC admiral back 2015. Prior to that his all-encompassing resume included a assignment as controlling administrator of Delphi Corp. during its Chapter 11 defalcation from 2007 until its actualization in 2009.

You can ability Nick Gibbs at [email protected]

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