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Elfrida is wife of Frank Stronach (Austrian-Canadian businessman. He is the founder of Magna International, an international automotive parts company based in Aurora, Ontario) and mother of Belinda (Canadian businessperson, philanthropist and former politician. She was a Member of Parliament (MP) in the Canadian House of Commons from 2004 to 2008)
She was approached to run in the race for leadership of the Liberal Party of Canada. But April 6, 2006, she announced she would not be a candidate, citing his disagreement with the method of election by delegates rather than by direct vote of party members. Observers deemed it bad his chances, since it is not bilingual English-French, but English-German. His recent change of allegiance from the Conservative Party Liberal Party was also an obstacle to overcome, especially since it has already been run for the leadership of the PC. ----- CEO of Magna International Belinda Stronach is the daughter of Frank Stronach, founder of the company Magna International, a global giant auto parts. Chief Executive Officer (since February 2001) and President (since January 2002) of Magna, she resigned from both positions in 2004 a few hours before announcing its entry into the race for leadership of the Conservative Party of Canada. Formerly a member of the Progressive Conservative Stronach participated in the campaign to merge it with the Canadian Alliance to form the Conservative Party of Canada. This merger made, and although it has never held political office before, Stronach ran for the leadership of the Conservative Party, where she came second behind Stephen Harper. On March 9, 2004, she won the nomination of the Conservative Party in the riding of Newmarket-Aurora, north of Toronto, Ontario. Federal election of June 28, 2004, she was elected MP for that constituency in the House of Commons, winning narrowly (21,805 votes against 21,103) against the Liberal candidate Martha Hall Findlay. After her election, she became critical in international trade in the shadow cabinet of the official opposition. Stronach was considered one of the MPs from the Conservative Party's far left on social issues. She was in favor of gay marriage and abortion rights. On 17 May 2005, Stronach went to the Liberals, saying she disagreed with the positions of conservatives on several important issues. The Conservatives accused him of opportunism and desire to obtain a particularly important post. In 2005 she was Minister of Human Resources and Skills Development in the cabinet of Liberal Prime Minister Martin. During the 2006 federal election, she ran for the Liberal Party and was re-elected MP for his constituency, but his party was defeated and so it sits as member of the official opposition. Belinda Stronach has spent a year studying at York University in Toronto and received his honorary law degree from McMaster University. She has served on the board of directors of several organizations in Canada and the United States. She was married twice, first with Donald Walker, co-CEO at Magna company, with whom she had two children, then the second time with speed skater Johann Olav Koss. She is now divorced. She was photographed numerous times alongside former U.S. President Bill Clinton and his communications team speaks of "friendship" ---- Springboard named Magna Magna International is the name of the company founded by the father of Belinda Stronach is also the name that long has served as business card to the young woman to enable it to penetrate the circles more closed makers. From the age of 20 years, Belinda Stronach began working full time for the company. Two years later, in 1988 she was admitted to the board of Magna. It has not yet 30 years when the same council decides to make her his vice-president. In 2001, she was named CEO and the following year, she officially became president of the multinational. With a turnover of nearly $ 13 billion in 2003, the multinational specialized in auto parts manufacturing employs over 75,000 people worldwide. Belinda Stronach, meanwhile, is considered by the World Economic Forum as a "global leader of tomorrow." Time she sees one of the 100 most influential people of the planet and Fortune, the second wife of business power in the world ... --- Belinda Stronach left the board of Magna Belinda Stronach, daughter of the founder of Magna International (MG) Frank Stronach, announced late Tuesday that she was resigning from his post as Vice-Chair of the manufacturer of auto parts. His resignation will take effect Dec. 31. The board of Magna is currently reassessing its composition in the wake of an agreement to restructure the company. Last August, a judge approved a plan that would cede control Frank Stronach of Aurora, Ontario company by selling preferred shares, after having been at the helm of the company for over 30 years. Mr. Stronach is also expected to relinquish control of its real estate company MI Developments, a new agreement with the shareholders, according to press reports. Earlier this month, billionaire has sold nearly 2.5 million shares of Magna in separate transactions that allowed him to collect about U.S. $ 124 million, according to documents fellows. He sold his shares between $ 50.40 and $ 51.86 each. --- Receipt of Heenan Blaikie for Belinda Stronach in the National Post On Saturday, May 8, 2010, the National Post published an article about the reception held at the office of Heenan Blaikie in Toronto for the Belinda Stronach Foundation on April 28. The guests have discovered the local and international projects of this charitable organization founded in March 2008 by Belinda Stronach, Executive Vice-President of Magna International. The Foundation mainly developing initiatives to help girls and young women in Canada and the Aboriginal youth in developing countries. We could hear the speeches by Ms. Stronach and co-chair of the Foundation, Brett Wilson, Canadian businessman, philanthropist and panelist of the television program Dragon's Den, recipient of a Gemini. "Heenan Blaikie has successfully brought together philanthropists, lawyers, businessmen and members of the arts community to support the work of the Foundation for girls and women, Aboriginal youth and our projects overseas," said Stronach . --- Frank Stronach (born September 6, 1932) was an Austro-Canadian business. He is the founder of Magna International, a global automotive parts based in Aurora, Canada, and Magna Entertainment Corp.., A company that specializes in horse racing industry. It is also the father of Belinda Stronach, a Canadian politician. --- In the mirror of Frank Stronach Economic journalists are in mourning. As viewers who do not recover the accidental death of a great comedian, killed by the evil perpetrators of a soap opera, they just lost their favorite character. Frank Stronach is not dead, far from it. But by surrendering the wheel of his business to attend to his horses and its racetracks, the entrepreneur of 78 years will disappear from the screen reporters. With the notable exception of Conrad Black, no businessman in this country has given so much material to chronicle the founder of Magna International, Canadian auto parts giant. Magna has 256 factories worldwide. No fewer than 96 600 employees working there, including 16,300 in Canada. This company in Aurora, just 30 minutes north of Toronto, reported a profit of 973 million U.S. on revenues of 24.1 billion U.S. last year. Thus, the fifth largest supplier of parts in the world has fully recovered from the near bankruptcy of Detroit, as evidenced by the appreciation of his title at the NYSE and Toronto. In Quebec, Frank Stronach remains unknown. More is known about her daughter, Belinda. This former MP became famous in May 2005 through the House of Commons. Passing Tory benches to the Liberal benches, she won a seat as a minister in the government of Paul Martin. One way for the less sensational break with her boyfriend at the time, Peter MacKay, the current Minister of National Defence. But in Ontario, the Canadian province of self, no one shade to Frank Stronach. We admire him as a poor immigrant Austrian who built an empire from the small garage in Toronto that he opened only in 1957. And they cursed this contractor that has always taken a perverse pleasure in confusing his personal projects - remember the flop of the amusement park in Austria! To those of its publicly traded companies. Frank Stronach has an innate talent to infuriate investors, big and small. With 1% stake in Magna, but 64% of voting rights through its Class B with 500 votes each, Frank Stronach has not always been at its head. The board of directors of Magna, which was subservient, has also agreed to pay to turn heads. Last year, Frank Stronach has finally made the arguments of those who demanded the abandonment of two classes of shares in the name of better corporate governance. But the price paid by the shareholders of Magna for Frank Stronach sells its shares with multiple voting, 863 million U.S., plus a salary of 60 million consultant in 2010, has embittered many institutional investors. These investors, led by the Investment Board Canada Pension Plan, however, have bitten the dust before the courts. Frank Stronach has not won all its battles. In 2009, he failed to complete the acquisition of Opel, the European operations of General Motors, despite the support of German Chancellor Angela Merkel. After conducting its judicial restructuring, GM has changed its mind. This Detroit manufacturer has preferred to keep Opel fear of its intellectual property into the hands of Russian interests that funded Magna. Although Magna has the ability to build a car from start to finish, Frank Stronach had to give up on his dream of becoming the largest manufacturer of cars in Canada. By buying companies with debt, Frank Stronach has also flirted with bankruptcy in 1989. There are tasted with the subsidiary Magna Entertainment, the operator of horse racetracks and gambling halls, which had to shelter from its creditors in 2009. Some failures, however, took a different color over the years. Thus, Frank Stronach believes in his luck since Magna was beaten by the investment fund Cerberus to buy Chrysler in 2007, two years before the American manufacturer is verging on bankruptcy. Frank Stronach will leave his post as chairman of Magna International at the end of the next shareholders' meeting, May 4 He will run for a single director. With the departure of her daughter Belinda, announced in December, the family moves away Stronach of Magna, now headed by Donald Walker, the first husband of Belinda and the father of her two children. Frank Stronach now take care of his horses and the old division of the electric car Magna he inherited by selling its shares with multiple voting. At a TV host of ROB TV who asked about his legacy, Frank Stronach appeared shocked that one can speak of him in the past. "I'm sure I'll turn this car designer electric company as big as Magna," he said. |
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