Donald J. Walker

Last updated
Donald J. Walker
Born
Canada
Alma mater University of Waterloo
OccupationAutomotive executive
Spouse(s)
Joan Weisshaar
​
(m. 2000)​
Children Frank Walker

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. [1] In 2017, he was listed as the second highest-paid CEO in Canada. [2]

Contents

Early life and education

Walker grew up in Toronto, Ontario, and attended the University of Waterloo's mechanical engineering program, which he graduated in 1980. [3]

Career

Walker began his career in the automotive industry working for General Motors. From 1980 to 1987, he held various engineering and manufacturing positions at the company. In 1987, wanting to start his own automotive company, he met with Frank Stronach, founder of Magna International, to see if he would be interested in establishing a joint venture. After several meetings, Stronach offered Walker a position at Magna, which he accepted. [1] [4]

Magna International

In 1987, Walker moved from General Motors to work at Magna International. [1] He began at Magna working on various engineering and joint venture projects, and served as Executive Vice President of Operations for the company in 1990 when it was facing a company debt crisis. [5]

In 1994, Walker became chief executive officer of Magna, a position he held until 2001.

In 2001, he moved to Intier Automotive, a former unit and majority owned by Magna, to lead Intier as its president and chief executive officer. [6] In 2005, Walker returned to Magna to serve as the company's co-chief executive officer. In 2010, he became sole CEO of Magna.

Walker's fixed and variable salary, including share options, in 2016, was $20.8 million, after $21.2 million in 2015. [7]

In October 2020, it was announced that Walker would retire at the end of 2020, with Seetarama Kotagiri succeeding him in 2021. [8] [9]

Recognition

In 2014, The Globe and Mail listed Walker as Outstanding CEO of the Year. [1] [10] He was also included on Fortune 's 2015 "Business Person of the Year" list [10] and in the Globe and Mail's 1996 "Top 40 Under 40" list. [11] In 2017, the Toronto Star included him on their list of "key players to watch in 2017". [12]

Personal life

In 2000, Walker married Joan Weisshaar, now Joan Kelley Walker. [13] They have two children together. Walker also has two children from his previous marriage to Belinda Stronach, including musician Frank Walker.

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References

  1. 1 2 3 4 Owram, Kristine (November 4, 2014). "Canada's outstanding CEO of the year: Magna's Donald Walker leads auto parts maker to the top". Financial Post. Archived from the original on February 11, 2017. Retrieved February 8, 2017.
  2. ↑ Scott, Graham (January 3, 2017). "Canada's Richest People 2017". Canadian Business. Archived from the original on February 11, 2017. Retrieved February 8, 2017.
  3. ↑ "Engineering 5's Computer Commons dedicated to Magna International". University of Waterloo - Engineering. November 5, 2013. Archived from the original on February 11, 2017. Retrieved February 8, 2017.
  4. ↑ Weir, Brock (February 25, 2015). "Magna's Walker looks to the future as Canada's CEO of the Year". King Weekly Sentinel. Archived from the original on February 11, 2017. Retrieved February 8, 2017.
  5. ↑ Keenan, Greg (March 14, 2009). "IN THE DRIVER'S SEAT: (FOR NOW)". The Globe and Mail. Archived from the original on February 12, 2017. Retrieved February 8, 2017.
  6. ↑ "Intier looks to buy auto parts suppliers". The Globe and Mail. August 8, 2002. Archived from the original on February 12, 2017. Retrieved February 8, 2017.
  7. ↑ Keenan, Greg (March 29, 2016). "Magna executive pay packets slip despite annual profit gain". The Globe and Mail . Archived from the original on March 18, 2017. Retrieved August 26, 2017.
  8. ↑ "Magna CEO Don Walker to retire at end of 2020 - BNN Bloomberg". Archived from the original on 2020-10-22. Retrieved 2020-10-20.
  9. ↑ "Magna CEO Don Walker to retire at end of 2020, Seetarama Kotagiri named as next CEO | CTV News". Archived from the original on 2020-10-22. Retrieved 2020-10-20.
  10. 1 2 "Globalization lessons from Canada's C-suite". The Globe and Mail. September 15, 2016. Archived from the original on May 6, 2017. Retrieved February 8, 2017.
  11. ↑ "Top Forty Under 40". The Globe and Mail. April 26, 2002. Archived from the original on March 4, 2016. Retrieved February 8, 2017.
  12. ↑ "Key players to watch in 2017". Toronto Star. January 7, 2017. Archived from the original on September 14, 2018. Retrieved February 8, 2017.
  13. ↑ Hanes, Tracy (November 1, 2008). "The 'Wow' factor". The Star. Archived from the original on February 11, 2017. Retrieved February 8, 2017.
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