People: Martinrea International Inc (MRE.TO)
19 Aug 2019
Mr. Fred Olson serves as Lead Independent Director of Martinrea International Inc. Until the end of 2007, he was the President and Chief Executive Officer of Webasto Roof Systems Inc. and until June, 2009, was the President of Webasto Product North America, the North American subsidiary of Webasto AG of Stockdorf, Germany. Webasto is the worldwide leader in developing and manufacturing innovative roof and thermo systems for passenger cars and light truck vehicles. Mr. Olson was responsible for all car and truck platforms produced in the United States, Canada and Mexico. Prior to July 2000, Mr. Olson was Vice-President, Operations and Chief Operating Officer of Webasto Sunroofs, Inc. which was a joint venture between Webasto AG and Magna International Inc. In July, 2000, Webasto AG purchased Magna’s 50% share in Webasto Sunroofs, Inc. Prior to that, Mr. Olson held a variety of senior management positions with increasing responsibility with several leading automotive manufacturers, including Dortec Industries, TRW, Chrysler and American Motors. Mr. Olson is a past member of the Board of Directors for three of the operating companies within Webasto. He has operated a casting facility as a general manager, experience relevant to the business of Martinrea Honsel, the Company’s aluminium products subsidiary, where Mr. Olson sits on the board and routinely visits its operations. Mr. Olson has a BBA from Lambton College. He successfully completed the Directors Education Program from the Institute of Corporate Directors which is provided by the Rotman School of Management at the University of Toronto in 2011. Mr. Olson is the Lead Director and a member of the Audit Committee, Compensation Committee and CGNC as well as a co-Chair of the Special Committee.
|Total Annual Compensation, CAD||213,000|
|Restricted Stock Award, CAD||100,000|
|Long-Term Incentive Plans, CAD||--|
|All Other, CAD||--|
|Fiscal Year Total, CAD||313,000|