Canadian Manufacturing Hall of Fame Inductee, Frank Stronach


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Frank Stronach
Chairman, Magna International Inc.
Aurora, ON

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Born in Weiz, Austria, Frank Stronach immigrated to Canada in 1954. Working from his garage, the young toolmaker established a business in 1957 and subsequently expanded into the production of automotive components. Today, multi-billion dollar Magna International is a leading global supplier of technologically advanced automotive components, systems and modules. With companies such as DaimlerChrysler AG and BMW AG among its customers, Magna has more than 200 manufacturing divisions that employ 82,000 people in 22 countries. Central to the company's success is Stronach's unique management philosophy, which empowers employees by making them stakeholders. Magna's Fair Enterprise business model predetermines the annual percentage of profits shared between employees, management and investors, and makes every employee a shareholder in the company. These rights are enshrined in Magna's governing Corporate Constitution.

Induction Category:
Founder

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Announcing the
2009 Canadian Manufacturing
Hall of Fame Inductees:
(click the names below for their biographies)

John L. Bragg
Oxford Frozen Foods Ltd.
Oxford, Nova Scotia

Steve F. Krar
Educator, Trainer, Author
Welland, Ontario

Dr. John S. MacDonald
MacDonald, Dettwiler and Associates
Burnaby, British Columbia

Placide Poulin
MAAX Inc.
Sainte-Marie de Beauce, Quebec

Peter Lymburner Robertson*
Robertson Inc.
Milton, Ontario
* Deceased

Gavin Semple
Brandt Group of Companies
Regina, Saskatchewan

An induction ceremony and dinner will be held Tuesday, March 31, 2009 at the St. Clair Centre for the Arts in Windsor, Ontario

Click here for 2006 & 2007 Inductees