By MT Bureau| Oct 20, 2020

Magna Names Swamy Kotagiri As CEO

Swamy Kotagiri 

Magna has announced that its Board of Directors 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.

“Given Swamy’s role in aligning the company’s strategy with the megatrends impacting new mobility and the ‘car of the future,’ he is the right leader to take Magna forward,” said William L. Young, Chairman of Magna’s Board of Directors. “Swamy has a strong command of the business, sound judgment, and is a strategic thinker who can drive disciplined execution. I’ve been impressed by Swamy’s ability to inspire people to think innovatively and deliver their best work to benefit Magna’s customers. Swamy also has an innate leadership quality of being able to take complex problems and break them down so that people can understand and solve them.”

 “Building on Magna’s industry leadership is very important to me. It starts with our people, who are among the most talented in the business. We will leverage the company’s decentralized, entrepreneurial culture, which empowers every member of the Magna family to act as an owner and think as if they were part of a start-up,” said Swamy Kotagiri, current Magna President and incoming CEO. “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.”

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 was responsible for managing the company’s innovation and new product strategy and development both at a corporate level and in conjunction with Magna’s product groups. While CTO, he also served in various leadership positions including President of Magna Electronics, Magna Powertrain and the company’s Power and Vision segment. Early in his Magna career, he also held various engineering and operating positions at Cosma International, a Magna operating unit. Kotagiri holds a master’s degree in mechanical engineering from Oklahoma State University with a specialization in materials and structural engineering.  (MT)

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