NEW YORK (AP) — Magna International Inc. said Friday that its president will leave the Canadian auto supplier at the end of the year to pursue other opportunities.
Mark Hogan had served as the company's president for the past three years, Magna said.
Magna also on Friday named Jim Tobin as its executive vice president for business development and president of Magna Asia.
Tobin has served Magna for the past five years as executive vice president of sales and marketing for its Cosma International division.
Magna shares fell 2 cents to $82.18 in morning trading.