Philip Fracassa has been appointed as the new CFO of Magna, replacing Patrick McCann, who served in the role for 26 years. Fracassa joins Magna from The Timken Company, where he was CFO for over a decade. Magna looks to continue its long-term strategy with Fracassa’s financial leadership. Fracassa brings extensive experience in the automotive and industrial sectors to the role. He holds a bachelor’s degree in accounting and a law degree, along with being a certified public accountant. Fracassa is excited to contribute to Magna’s growth and success.

Read more at GlobeNewswire: Magna Names Philip D. Fracassa Chief Financial Officer