Linda Hasenfratz Explained

Linda Hasenfratz
Nationality:Canadian
Education:University of Western Ontario
Occupation:Businesswoman
Chairman and CEO, Linamar
Term:2002-
Predecessor:Frank Hasenfratz
Spouse:Ed Newton
Children:4
Parents:Frank Hasenfratz

Linda Hasenfratz (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]

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.

Notes and References

  1. News: Linamar chief Linda Hasenfratz continues to prove she belongs at the top | Financial Post . Financial Post . Business.financialpost.com . 15 December 2014. 5 May 2017. Bitti . Mary Teresa .
  2. Web site: Linamar chief Linda Hasenfratz hopes 'calmer heads rule' on free trade after U.S. election - Article - BNN . Bnn.ca . 3 November 2016 . 5 May 2017.
  3. Web site: Susan Smith. Linda's Linamar. www.cpacanada.ca. Chartered Professional Accountants Canada. 6 May 2017. en. 1 August 2015.
  4. Web site: BIOGRAPHY, LINDA HASENFRATZ, Chief Executive Officer . ivey.uwo.ca . November 2013 . 6 May 2017.
  5. Web site: Linda Hasenfratz . Fortune.com . 9 September 2016 . 5 May 2017.
  6. Web site: Auto-parts magnate Linda Hasenfratz on NAFTA, Trump and sexism in the boardroom . The Globe and Mail . 30 June 2017 . 25 July 2017.
  7. Web site: Linamar's (LIMAF) CEO Linda Hasenfratz on Q1 2017 Results - Earnings Call Transcript . Seeking Alpha . 15 May 2017 . 26 July 2017.
  8. Web site: Auto executive Linda Hasenfratz named Western University's 23rd chancellor . The London Free Press. 23 May 2019 .
  9. Web site: Linda Hasenfratz Named Ernst & Young'S Entrepreneur Of The Year . Linamar . 30 October 2014 . 5 May 2017.
  10. Web site: Marina Berlusconi . Fortune.com . 9 September 2016 . 5 May 2017.
  11. News: Holloway . Andy . CANADA'S OUTSTANDING CEO OF THE YEAR: LINDA HASENFRATZ . 8 November 2018 . . 8 November 2018.
  12. News: Guelph's Linda Hasenfratz, Stratford's Maxine Noel appointed to Order of Canada . Global News . December 27, 2018.
  13. Linda Hasenfratz named Western's 23rd Chancellor. University of Western Ontario. Department of Communications and Public Affairs. 2019-05-23. en-US. 2019-10-17.
  14. Web site: Auto executive off Ontario's vaccine task force following revelation she travelled out of country. 19 January 2021.
  15. https://www.theglobeandmail.com/report-on-business/rob-magazine/linamars-drive-to-10-billion/article1390169/ The Globe and Mail

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