Canadian Manufacturing

Martinrea International Inc. names new CFO

by CM Staff   

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Mr. Cirulis, 56, has been an officer of Martinrea since 2018, most recently as EVP of the Aluminum Group and as the Commercial Lead of the Lightweight Structures Group.

TORONTO — Martinrea International Inc., a diversified and global automotive supplier engaged in the design, development and manufacturing of Lightweight Structures and Propulsion Systems, announced that Peter Cirulis has been appointed Chief Financial Officer of the Company effective July 1, 2024. Mr. Cirulis has been Martinrea’s Executive Vice President, Aluminum Group since 2018.

Fred Di Tosto, current President and Chief Financial Officer, will retain his current responsibilities as President going forward.

Pat D’Eramo, Martinrea’s Chief Executive Officer, stated: “This appointment reflects the continued growth of our leadership group at Martinrea, and will allow Fred to focus on his role as President, while still assisting Peter in the transition. I have worked side by side with Peter for many years, including at Dana Incorporated where he was Vice President of Finance and Operational Excellence for the Commercial Vehicle Group. He is a seasoned financial executive with multiple years of experience in the automotive parts business. At Martinrea, Peter has held many operational and strategic roles with increasing responsibility. He will remain as the Lead of the Commercial Lightweight Structures group, a position he has held now for several years. I look forward to working closely with Rob, Fred, Peter and the other members of the leadership team as we continue to build on our success at Martinrea.”

Rob Wildeboer, Martinrea’s co-founder and Executive Chairman, stated: “Our executive team continues to develop and become more seasoned. Peter has contributed to our growth and success over the past several years. He is a core member of our senior executive team, with a strong commitment to our culture, and vision of making lives better. Pat, Fred and Peter have already proven to be a great team. All of us will continue to work for our shareholders and other stakeholders, and look forward to continued personal contact and dialogue with them in future. We believe it is a sign of strength of our company that our leaders can continue to broaden their expertise by taking on new roles.”

Peter Cirulis stated: “Martinrea is a great company with a great future. I have believed that since the day I joined the company and I believe it today. I have had the privilege to work side by side with the people here in good times and in challenging times, and we have continued to thrive in the face of challenges. Our culture in this place is terrific—we take care of our people and we take care of each other, which I believe is one of our competitive strengths. I am extremely grateful for this opportunity.”

Mr. Cirulis, 56, has been an officer of Martinrea since 2018, most recently as EVP of the Aluminum Group and as the Commercial Lead of the Lightweight Structures Group. Prior to joining Martinrea, Mr. Cirulis was with Dana Incorporated in a variety of roles, including as Vice President, Customer Experience, Strategy and Product Planning for the Aftermarket Group; Vice President of Finance and Operational Excellence for the Commercial Vehicle Division; Vice President, Global Business Development for the Light Vehicle Division and President, Europe and South Africa Region based in Zurich, Switzerland.

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