Linamar Corporation

Linamar Corporation

November 09, 2005 09:03 ET

Linamar Corporation Announces The Appointment Of Peggy Mulligan As Its New Chief Financial Officer

GUELPH, ONTARIO--(CCNMatthews - Nov. 9, 2005) - Linamar Corporation (TSX:LNR)today announced the appointment of Peggy Mulligan to the position of Chief Financial Officer of the company.

Mrs. Mulligan, FCA, brings to the company a solid financial background. She spent more than eleven years with the Bank of Nova Scotia, most recently as the Executive Vice President, Systems and Operations. Prior to this Mrs. Mulligan was the Senior Vice President, Audit & Chief Inspector. Before joining Scotiabank, Mrs. Mulligan was an Audit Partner with PricewaterhouseCoopers in Toronto.

Mrs. Mulligan sits as a Trustee at the Ontario Science Centre, as well as a Governor at Appleby College. Until recently she sat as a Governor at the University of Waterloo. Mrs. Mulligan is also the General Manager of the Toronto Aeros Girls' Hockey club.

Mrs. Mulligan holds a B.Math (Honours) from the University of Waterloo and was named an FCA by the Institute of Chartered Accountants of Ontario in 2003.

"We are thrilled to have Peggy join our team here at Linamar," said company CEO Linda Hasenfratz. "Her expertise in key elements of fiscal management such as financing and risk management, as well as a solid systems background, are the perfect complement to our operations focussed team."

Linamar designs, develops and manufactures precision machined components, modules and systems for engine, transmission and chassis systems primarily for the North American and European automotive marketplace. The company's industrial division is a world leader in aerial lift platform products. The company has over 10,000 employees in 37 manufacturing locations, five research and development centers and nine sales offices in Canada, United States, Mexico, Germany, Hungary, China, Korea and Japan.

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 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 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.

Contact Information

  • Linamar Corporation
    Linda Hasenfratz
    Chief Executive Officer
    (519) 836-7550
    (519) 824-8479 (FAX)