Magna’s Hogan stepping down as president Dec. 31 [UPDATE]

Dec 07, 2007 | 12:08 PM | Michael Cowden

Mark Hogan, president of major auto parts supplier Magna International Inc., will be stepping down from the company Dec. 31.

Hogan is leaving to "pursue other opportunities," the Aurora, Canada-based company announced Friday.

It wasn't immediately clear what Hogan's plans were, but other media reports suggested he had been offered a position at another company.

The departure comes as Magna's Austrian subsidiary secured a deal that's expected to generate $1 billion in sales annually, the company said in a separate statement.....





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