Walker’s career at Magna spans 33 years, with the last 15 as CEO, his second stint in the role. He served in various leadership positions at the company, including CEO of former Magna unit Intier Automotive between 2001 and 2005.
He also was CEO of Magna between 1994 and 2001.
“I would also like to commend Don for his success and thank him for his dedicated service,” Young said in his statement. “Under his strong leadership, Magna has grown to be the third-largest global automotive supplier, one of Fortune’s World’s Most Admired Companies, and a perennial winner of customer, industry and technology awards.”
Magna ranks No. 3 on the 2020 Automotive News list of the top 100 global suppliers with worldwide sales to automakers of $39.43 billion in 2019.
