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Linamar reports earnings rise to $174.1-million, CEO to become executive board chair

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The company announced alongside its second-quarter results that Hasenfratz has shifted from the chief executive position she has held since 2002 to become executive chair of the board

says its earnings and revenue rose during the last quarter that long-time CEO Linda Hasenfratz will serve in the top role.

It says Jim Jarrell, who stepped into the president role in 2004, will take on the CEO position as well. Sales for the producer of auto parts, agricultural and industrial equipment totalled $2.85-billion, up from $2.55-billion last year.

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