Magna spread its wings under Don Walker, and the Canadian auto industry soared as a result.
Walker's colleagues and competitors believe Canada's supply chain gained respect in an increasingly complex and globalized landscape, thanks in large part to his 15-year run as CEO of Magna International.
Walker, 64, who retires at the end of this month, focused on global expansion and the development of new technologies, which helped give other Canadian suppliers credibility and fueled their own growth, said Flavio Volpe, president of the Automotive Parts Manufacturers' Association.
During Walker's time as CEO, the Aurora, Ontario, company became the world's third-largest auto parts supplier, with worldwide sales to automakers of $39.43 billion in 2019.
Magna employs 152,000 people in 27 countries. Its explosive growth under Walker's leadership proved to be invaluable for other Canadian suppliers, said Volpe.
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