Hogan to step down as Magna president

Dec 07, 2007 | 03:50 PM | Michael Cowden

Mark T. Hogan, president of Magna International Inc., will leave the company Dec. 31 to "pursue other opportunities," the Aurora, Ontario-based auto parts supplier said Friday.

It wasn't immediately clear what Hogan's plans were or who would succeed him, but several 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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