AURORA, Ontario – Magna International Inc. announced that Dr. Herbert Demel has stepped down from his role as chief strategy officer, effective July 1. Demel leaves the position to pursue other interests upon turning 60 this year. Since the beginning of this year, he has been appointed to a professorship at the Technical University of Vienna.
 
Demel joined Magna in 2002 and has held various senior executive management roles within the company, including service with Magna Steyr, Magna Powertrain and Magna International as president of Magna China, India, Southeast Asia and South America. A native of Vienna, Demel started his career at Bosch and went on to become chairman of the board of Audi AG, Ingolstadt; president of Volkswagen do Brasil; and CEO of Fiat Spa, Torino.
 
"I would like to thank Herbert for the significant contribution he has made over many years of service as a senior executive of the company," said Magna CEO Don Walker. "Magna has a very strong management team co-located around the world. We look forward to continuing to benefit from Dr. Demel’s deep industry expertise and knowledge in his role as a special adviser on strategic matters to myself and the rest of the global executive management team."