Linamar Corporation

Linamar Corporation

November 09, 2011 08:58 ET

Linamar Corporation Announces the Appointment of Dale Schneider as Its New Chief Financial Officer

GUELPH, ONTARIO--(Marketwire - Nov. 9, 2011) - Linamar Corporation (TSX:LNR) today announced the appointment of Dale Schneider to the position of Chief Financial Officer of the company, effective immediately.

Dale built his career at Linamar starting as a Co-Op student in September 1990 before being hired full time in 1993. Dale has held various Accounting Manager and Controller positions throughout Linamar's facilities. In 2002, he became our Director of Planning & Analysis with responsibilities for forecasting, budgeting and M&A. Dale accepted the position of Director of Finance for the Engine Group in 2005 until 2008 when he became our Corporate Controller. Since November 2010, Dale has held the position of Executive Vice President of Finance. Dale's background has provided him with valuable experience in all facets of Accounting and Finance at Linamar.

In addition to his work experience, Dale has a solid academic foundation as a result of completing his Bachelor of Mathematics at the University of Waterloo in 1993 where he specialized in management accounting and information systems. In 1995, Dale received his accounting designation and became a Certified Management Accountant.

"We are thrilled to have Dale take on the role of CFO here at Linamar," said Linda Hasenfratz Linamar's CEO. "Dale is an accomplished Finance Executive with a great track record of efficient team focused performance. His promotion is the appropriate culmination of years of hard work, development and successes here at Linamar."

Linamar Corporation (TSX:LNR) is a diversified global manufacturing company of highly engineered products powering vehicles, motion, work and lives. The company is made up of 4 key divisions – Manufacturing, Driveline, Industrial Commercial Energy (ICE) and Skyjack, all world leaders in the design, development and production of highly engineered products. The company's Manufacturing and Driveline divisions focus on precision metallic components, modules and systems for engine, transmission and driveline systems designed for passenger vehicle markets. The ICE group concentrates on similar products for on and off highway vehicle, energy and other industrial markets. The company's Skyjack division is noted for their innovative, high quality mobile industrial equipment, notably its class-leading aerial work platforms and telehandlers. With more than 15,200 employees in 39 manufacturing locations, 5 R&D centers and 13 sales offices in 11 countries in North America, Europe and Asia, Linamar generated sales of more than $2.2 Billion in 2010. For more information about Linamar Corporation and its industry leading products and services, visit

Certain information regarding Linamar set forth in this document, including management's assessment of the Company's future plans and operations may constitute forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from these anticipated in the forward-looking statements due to factors such as customer demand and timing of buying decisions; product mix; competitive products; the cost, timing and effectiveness of cost reduction initiatives; and pricing pressure. In addition, uncertainties and difficulties in domestic and foreign financial markets and economies could adversely affect demand from customers. These factors, as well as general market, economic and political conditions, may in turn have a material adverse effect on the Company's financial results. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

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