Martinrea president and CEO steps down

Martinrea International Inc. has announced that Nick Orlando will step down as the Vaughan, Ont.-based company’s president and CEO, but will remain involved with the company as a consultant.

The company will conduct a search for Orlando’s replacement immediately.

“Martinrea has completed more than a decade of phenomenal growth, despite the challenges of a very competitive industry,” said Rob Wildeboer, the company’s executive chairman. “That growth has been made possible only through the hard work and dedication of the entire Martinrea team, which has been led by Nick for the past several years. We have had many successes. We thank Nick for giving us his best, even while dealing with some personal health issues, and we wish him well. Meanwhile, he will help us in the search for a new president and CEO, help with the transition, and will assist us as a consultant after that. His knowledge base, skill and expertise are and will remain a great asset for us.”

Martinrea International Inc. produces steel and aluminum metal parts, assemblies and modules and fluid management systems, primarily for the automotive sector.