Linamar Corporation

Linamar Corporation

December 11, 2007 10:16 ET

Linamar Corporation Announces the Appointment of Ted Mahood as its New Chief Financial Officer

GUELPH, ONTARIO--(Marketwire - Dec. 11, 2007) - Linamar Corporation (TSX:LNR) today announced the appointment of Ted Mahood to the position of Chief Financial Officer of the company.

Ted Mahood, CA brings to the company a solid financial background. He spent close to eighteen years with Toyota Motor Manufacturing Canada Inc., most recently as the Assistant General Manager Finance. Prior to joining Toyota Motor Manufacturing Canada Inc. in 1993, Mahood worked for the Robert Hunt Corporation as the Assistant Controller.

Mahood is a member of the Ontario Institute of Charted Accountants and holds a Bachelor of Arts, Honours Business Administration and a Bachelor of Arts, Economics from the University of Western Ontario.

"We are thrilled to have Ted join our team here at Linamar," said Linda Hasenfratz Linamar's CEO. "Ted is an accomplished Finance Executive with a great track record of efficient team focused performance. Ted will be an invaluable asset to our organization and bring with him the many skills he developed while working for a leader in our industry, Toyota Manufacturing Canada Inc."

Ted Mahood will assume his position as Linamar's Chief Financial Officer on January 2, 2008.

Linamar Corporation (TSX:LNR) is a diversified global manufacturing company of highly engineered products. The company's Powertrain and Driveline focused divisions are world leaders in the collaborative design, development and manufacture of precision metallic components, modules and systems for global vehicle markets. The company's Industrial division is a world leader in the design and production of innovative mobile industrial products, notably its class-leading aerial work platforms. With more than 12,000 employees in 37 manufacturing locations, 5 R&D centers and 9 sales offices in Canada, the US, Mexico, Germany, Hungary, China, Korea and Japan Linamar generated sales of close to $2.3 Billion in 2006. 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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