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Former Magna CEO Belinda Stronach Wins Seat in Canadian Parliament

Belinda Stronach, who resigned earlier this year as CEO of Canadian auto parts giant Magna International Inc., launched her new political career Monday with a narrow victory over a Liberal rival in the country’s national election. Belinda Stronach, who resigned earlier this year as CEO of Canadian auto parts giant Magna International Inc., launched her new political career Monday with a narrow victory over a Liberal rival in the country’s national election.

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TORONTO — Belinda Stronach, who resigned earlier this year as CEO of Canadian auto parts giant Magna International Inc., launched her new political career Monday with a narrow victory over a Liberal rival in the country’s national election.

Stronach will serve as a Member of Parliament under defeated Conservative Party leader Stephen Harper. She will sit in opposition to a minority Liberal government headed by re-elected Prime Minister Paul Martin.

Stronach lost a wildcard bid to lead the Conservative Party of Canada in March. Stronach, 37, daughter of Magna founder Frank Stronach, was elected to represent the riding of Newmarket-Aurora in which she lives and where Magna’s headquarters is located.

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Her father made an unsuccessful bid for election in the area as a Liberal candidate in 1988.

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