Magna's Board of Directors announced the appointment of Swamy Kotagiri as Magna's next Chief Executive Officer, effective January 1, 2021. Kotagiri begins his first day as CEO and a Director of Magna International. Kotagiri has been with Magna, for more than 21 years and served in various product groups and corporate roles, spanning functions including engineering, operations and R&D. He contributed to the company's recent growth and evolution through his operational leadership and aligned the organization's strategy around the trends shaping future mobility.