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Asher
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Calgary, Alberta
Nov 1999 time: 22:34
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quote: A 37-year old business leader, mother and proud second-generation Canadian, Belinda Stronach represents a new generation of leadership.
Her values are reflected in her management style. Leading the executive management team of Magna International Inc. since being appointed CEO in February 2001 and President in January 2002, Stronach emphasized values of individual effort and initiative; individual recognition and reward; inclusiveness, consultation and collaboration; transparency and accountability; fairness; safety and security.
She fostered a culture where everyone had a stake in the outcome, allowing all employees to share in the company’s results and success.
Stronach’s leadership philosophy is decentralized, based on her belief that the best decisions are made by those most directly responsible, those closest to the action. She actively encouraged entrepreneurship, creativity and initiative among individual business units.
Under her leadership, Magna International, employing 72,000 people in 22 countries, had record sales of almost $20 billion. In three years its share value nearly doubled.
A conservative, Stronach supported the United Alternative in 1999 and 2000 and was actively involved in the creation of the new Conservative Party.
Her international businesses experience has led Stronach — named one of the “Global Leaders of Tomorrow” by the World Economic Forum — to become increasingly concerned about Canada’s future prosperity and global competitiveness. |
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