Linda Hasenfratz

Last updated

Linda Hasenfratz
CM
Linda Hasenfratz - 2017.jpg
BornJune 1966 (age 5758)
NationalityCanadian
Education University of Western Ontario
OccupationBusinesswoman
TitleChairman and CEO, Linamar
Term2002-
Predecessor Frank Hasenfratz
SpouseEd Newton
Children4
Parent Frank Hasenfratz

Linda Hasenfratz CM (born June 1966) is a Canadian businesswoman, the president, chairman, and CEO of Linamar since 2002, when she succeeded her father Frank Hasenfratz. [1] [2]

Contents

Early life

Linda Hasenfratz is the daughter of Frank Hasenfratz, [3] the founder of Linamar.

She has a bachelor's degree and an MBA, both from the University of Western Ontario. [4]

Career

In 1990, she started her career as a machine operator at her father's car parts factory. [5]

She has been CEO of Linamar since 2002, when she succeeded her father Frank Hasenfratz. [1] Initially, the company faced a few rough years after Hasenfratz took over, but since then, double-digit growth has increased revenue to $6 billion, and $522 million in profit. [6] Additionally, under Hasenfratz's leadership, there are now a total of 70 Linamar plants in 13 countries across Asia, North America and Europe. In May 2017, Hasenfratz spoke of Linamar's 23rd consecutive quarter of double-digit operating earnings growth. [7]

Hasenfratz is a member of the Canadian Business Hall of Fame. [8] In 2014, she was the first woman to be named Canada's EY Entrepreneur of the Year. [1] [9] She has been chair of the Business Council of Canada. [10] In 2018 she was named Canada's Outstanding CEO of the year. [11] Also in 2018, Hasenfratz was named to the Order of Canada. [12] In May 2019, she was named the University of Western Ontario's 23rd Chancellor. [13]

In December 2020, Hasenfratz joined the COVID-19 vaccine task-force for Ontario during the COVID-19 pandemic in Ontario. Following revelations she travelled outside of the country despite travel warnings, Hasenfratz resigned from the task-force on January 19, 2021. [14]

Personal life

She is married to Ed Newton, a general contractor; [15] they have four children.

Related Research Articles

<span class="mw-page-title-main">University of Western Ontario</span> Public university in London, Ontario, Canada

The University of Western Ontario is a public research university in London, Ontario, Canada. The main campus is located on 455 hectares of land, surrounded by residential neighbourhoods and the Thames River bisecting the campus's eastern portion. The university operates twelve academic faculties and schools.

<span class="mw-page-title-main">Canadian Tire</span> Canadian retail company

Canadian Tire Corporation, Limited is a Canadian retail company which operates in the automotive, hardware, sports, leisure and housewares sectors. Its Canadian operations include: Canadian Tire, Mark's, FGL Sports, PartSource, and the Canadian operations of Party City. Canadian Tire acquired the Norwegian clothing and textile company Helly Hansen from the Ontario Teachers' Pension Plan in 2018.

<span class="mw-page-title-main">Toronto-Dominion Bank</span> Canadian bank and financial services corporation

Toronto-Dominion Bank, doing business as TD Bank Group, is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of Toronto and The Dominion Bank, which were founded in 1855 and 1869, respectively. It is one of two Big Five banks of Canada founded in Toronto, the other being the Canadian Imperial Bank of Commerce.

<span class="mw-page-title-main">Belinda Stronach</span> Canadian politician

Belinda Caroline Stronach is a Canadian businesswoman and philanthropist, and was a Member of Parliament (MP) in the House of Commons of Canada from 2004 to 2008. Originally elected as a Conservative, she later crossed the floor to join the Liberals. From May 17, 2005, to February 6, 2006, Stronach was the Minister of Human Resources and Skills Development and Minister responsible for Democratic Renewal in the government of Paul Martin. After leaving politics, she served as the executive vice-chairman of Magna International, Canada's largest automotive parts manufacturer, until December 31, 2010.

<span class="mw-page-title-main">Liquor Control Board of Ontario</span> Crown corporation and liquor sales monopoly in Ontario, Canada

The Liquor Control Board of Ontario (LCBO) is a Crown corporation that retails and distributes alcoholic beverages throughout the Canadian province of Ontario. It is accountable to the Legislative Assembly through the minister of finance. It was established in 1927 by the government of Premier George Howard Ferguson to sell liquor, wine, and beer. Such sales were banned outright in 1916 as part of prohibition in Canada. The creation of the LCBO marked an easing of the province's temperance regime. By September 2017, the LCBO was operating 651 liquor stores.

<span class="mw-page-title-main">Navdeep Bains</span> Canadian politician (born 1977)

Navdeep Singh Bains is a Canadian politician who served as Minister of Innovation, Science and Industry from 2015 to 2021. A member of the Liberal Party, he represented the riding of Mississauga—Malton in the House of Commons from 2015 to 2021. He previously represented the riding of Mississauga—Brampton South from 2004 to 2011.

<span class="mw-page-title-main">Rick Hillier</span> Retired Canadian Forces officer

Rick J. Hillier is a retired Canadian Forces general, who served as the chief of the Defence Staff (CDS) from 4 February 2005 to 1 July 2008. He previously served as the chief of the Land Staff from 30 May 2003 until his promotion to CDS.

<span class="mw-page-title-main">Guelph/Eramosa</span> Township in Ontario, Canada

Guelph/Eramosa is a township located in Wellington County, in midwestern Ontario, Canada. It partly encircles the city of Guelph, surrounding it in a continuous arc from approximately northeast to south-southwest of the city. It is part of the Guelph census metropolitan area.

Jack Cowin is a Canadian-Australian businessman and entrepreneur with a long-term involvement in franchised fast food chains in Australia and Canada. Cowin brought KFC to Australia, founded and owns Hungry Jack's, which is the Burger King franchise in Australia, and has at various stages controlled the Domino's Pizza franchise in Australia prior to its 2005 listing on the ASX.

<span class="mw-page-title-main">Linamar</span> Canadian manufacturing company

Linamar Corporation is a manufacturing company serving the mobility, access, agriculture, and MedTech industries. The company has three operating segments: Industrial, Mobility and eLIN.

<span class="mw-page-title-main">Canopy Growth</span> Canadian medical marijuana company

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

<span class="mw-page-title-main">Calin Rovinescu</span> Canadian aviation executive

Călin Rovinescu, served as the president and chief executive officer of Air Canada from April 2009 to February 2021.

Frank Hasenfratz was a Hungarian-born Canadian billionaire businessman, the founder and owner of Linamar, Canada's second largest auto parts manufacturer, with 26,000 employees at the time of his death.

<span class="mw-page-title-main">Kathy Bardswick</span> Canadian business executive

Kathy Bardswick is a Canadian business executive. From 2002 to 2016, she was the President and CEO of The Co-operators Group Ltd, a Canadian insurance cooperative based in Guelph, Ontario, Canada. She is one of a handful of women at the helm of the top 100 companies in Canada.

Donald J. Walker is a Canadian automotive executive and former chief executive officer of Magna International Inc., a Canadian global automotive supplier. He has worked in the automotive industry since 1980. In 2017, he was listed as the second highest-paid CEO in Canada.

Canada Drives is a Canadian online vehicle retailer founded in 2010 and based in Vancouver. The company allows customers to buy certified used cars online. Customers can also sell their vehicle to Canada Drives or trade it in.

Great Canadian Entertainment is a Canadian gaming, entertainment and hospitality company. Prior to its acquisition by Apollo Global Management in September 2021, the company was listed on the Toronto Stock Exchange and was part of the S&P/TSX Composite Index.

Kathleen "Katie" Patricia Taylor is a Canadian business executive who is the chancellor of York University. She was the chair of the board of the Royal Bank of Canada (RBC) from 2014 to 2023, and is the first woman to chair the board of a major Canadian bank. Taylor became chair of the board in January 2014, having served on the board since 2001; she previously chaired the human resources and corporate governance committees, and served on the audit and risk committees.

Eileen Ann Mercier is a Canadian businesswoman. In 2016, she was appointed the Chancellor of Wilfrid Laurier University, having formerly served as chair of the board of directors of Payments Canada and Ontario Teachers' Pension Plan. In 2018, she was named one of Canada's 100 most powerful women and was inducted into the Women's Executive Network Hall of Fame.

COVID-19 vaccination in Ontario began in December 2020, when the first doses of the Pfizer vaccine were administered. In February 2021, shipments for both the Pfizer and Moderna vaccines increased significantly. By May 2021, over 50 percent of Ontarians had received their first dose. By the beginning of 2022, over 80 percent of Ontarians had received their first dose.

References

  1. 1 2 3 Bitti, Mary Teresa (15 December 2014). "Linamar chief Linda Hasenfratz continues to prove she belongs at the top | Financial Post". Financial Post. Business.financialpost.com. Retrieved 5 May 2017.
  2. "Linamar chief Linda Hasenfratz hopes 'calmer heads rule' on free trade after U.S. election - Article - BNN". Bnn.ca. 3 November 2016. Retrieved 5 May 2017.
  3. Susan Smith (1 August 2015). "Linda's Linamar". www.cpacanada.ca. Chartered Professional Accountants Canada. Retrieved 6 May 2017.
  4. "BIOGRAPHY, LINDA HASENFRATZ, Chief Executive Officer" (PDF). ivey.uwo.ca. November 2013. Retrieved 6 May 2017.
  5. "Linda Hasenfratz". Fortune.com. 9 September 2016. Retrieved 5 May 2017.
  6. "Auto-parts magnate Linda Hasenfratz on NAFTA, Trump and sexism in the boardroom". The Globe and Mail. 30 June 2017. Retrieved 25 July 2017.
  7. "Linamar's (LIMAF) CEO Linda Hasenfratz on Q1 2017 Results - Earnings Call Transcript". Seeking Alpha. 15 May 2017. Retrieved 26 July 2017.
  8. "Auto executive Linda Hasenfratz named Western University's 23rd chancellor". The London Free Press. 23 May 2019.
  9. "Linda Hasenfratz Named Ernst & Young'S Entrepreneur Of The Year". Linamar. 30 October 2014. Retrieved 5 May 2017.
  10. "Marina Berlusconi". Fortune.com. 9 September 2016. Retrieved 5 May 2017.
  11. Holloway, Andy (8 November 2018). "CANADA'S OUTSTANDING CEO OF THE YEAR: LINDA HASENFRATZ". Financial Post . Retrieved 8 November 2018.
  12. "Guelph's Linda Hasenfratz, Stratford's Maxine Noel appointed to Order of Canada". Global News. 27 December 2018.
  13. Department of Communications and Public Affairs (23 May 2019). "Linda Hasenfratz named Western's 23rd Chancellor" (Press release). University of Western Ontario. Retrieved 17 October 2019.
  14. "Auto executive off Ontario's vaccine task force following revelation she travelled out of country". 19 January 2021.
  15. The Globe and Mail
Academic offices
Preceded by Chancellor of the University of Western Ontario
2015–present
Incumbent