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Magna International

Frank Stronach, Chairman of Magna’s Board of Directors, is one of the original founders of Magna International Inc. He was born in Weiz, Austria and immigrated to Canada in 1954, where he formed a one man tool and die shop, Multimatic Investments Limited. The creation of Magna International Inc. (Magna) commences on November 16, 1961 when Magna Electronics Corporation Limited became a limited firm. Magna acquired the assets of six other companies before acquiring Multimatic Investments Limited on November 30, 1968 with Mr. Stronach as one of the controlling shareholders. From approximately 1963 to 1981, Magna continued to acquire other companies and diversified interests. Effective February 1, 1973, the company name was changed to Magna

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