09.03.2007

Linamar CFO resigns

Peggy Mulligan chief financial officer of Linamar, the owner of Skyjack, has resigned for personal reasons and will depart at the end of this month. Mulligan has been with Linamar for only 15 months, having joined in Novermber 2005 following the resignation of Keith Wettlaufer.

“I have enjoyed my time with this dynamic company. Unfortunately some personal matters have arisen which will require significant attention over the next several months and, with the many exciting initiatives underway at Linamar currently, I would not be able to support the company at a level appropriate to what they deserve” said Mulligan.

“We value the significant contributions made by Peggy in her short time with us, particularly the renewal of our Canadian banking facility this past November and the acquisition, currently underway, of the remaining interest in our Hungarian operations”, said Linda Hasenfratz, Linamar CEO.

The company says that “it will immediately begin a rigorous search for a replacement. In the intervening time, Mrs. Mulligan will continue to provide support during transition”.