Martinrea International Inc.

Martinrea International Inc.

March 23, 2011 17:02 ET

Martinrea International Inc. Fred Di Tosto Appointed as Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - March 23, 2011) - Martinrea International Inc. (TSX:MRE) today announced the appointment of Fred Di Tosto as Chief Financial Officer of Martinrea. Nick Orlando will be stepping down as Martinrea's Chief Financial Officer, effective immediately. 

Mr. Di Tosto is a chartered accountant with over 10 years of experience in public accounting servicing various multinational companies operating in the manufacturing sector. Fred joined the Company in June 2010 as Vice President of Finance.

Rob Wildeboer, Martinrea's Executive Chairman, stated: "This move is part of the organized succession plan previously announced where Nick assumed the CEO role as Fred Jaekel became Martinrea's Chief Technical Officer. Fred has quickly become a valued member of our team at Martinrea since he joined us, although we have known his work for many years through his time at KPMG.  We all wish Fred the very best in his new role."

The common shares of Martinrea trade on The Toronto Stock Exchange under the symbol "MRE".

Contact Information

  • Martinrea International Inc.
    Nick Orlando
    Chief Executive Officer and President
    (416) 749-0314
    (905) 264-2937 (FAX)