Philip Fracassa

Philip Fracassa

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Philip Fracassa is the Chief Financial Officer of Magna International Inc., a leading global automotive supplier based in Canada. Recently, he has been in the news for his optimistic projections regarding the company's profit margins, forecasting an expansion in earnings before interest and taxes to between 6 percent and 6.6 percent for the year, despite challenges posed by U.S. tariffs.

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Recent news mentions

Philip Fracassa, Magna’s chief financial officer, expects profit margins to expand this year.

Magna has come roaring back. There’s a case for holding on
The Globe and Mail·CanadaCanada· 2026-07-28
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