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Manfred Gingl joins IAC Group as CEO

By Niranjan Mudholkar,

Added 28 June 2018

Natale “Nat” Rea, who served as interim CEO, will continue to serve as President.

After immigrating to Canada from Austria in 1966, he began his career as a tool and die maker with Multimatic Inc., which was merged with Magna Electronics in 1968 to form Magna International. He held various positions with the company, including chief operating officer (COO) until 1988, when he was appointed CEO of Magna International, a position he held from 1988 to 1992. He is credited with successfully evolving Magna from a parts supplier to an automotive systems supplier.

"I am very excited to be back in the automotive industry and to take the helm of this global leader in interior systems and solutions," said Gingl. "I am eager to build upon IAC's growth and reputation for innovation and strong customer focus. It's an exciting time to be in this industry as the world moves toward autonomy and reimagines the future of mobility. IAC is embracing megatrends such as autonomy, ride sharing, connectivity and cleaner driving by developing exciting solutions that will meet the many demands of the cockpit of the future."

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