Magna International is mourning the loss of a key figure in its corporate history, as Executive Vice President and Chief Financial Officer Vince Galifi has passed away. Galifi’s death marks the end of a transformative era for the global automotive powerhouse, where his strategic financial leadership helped shape the company’s direction for more than three decades.
A Distinguished Career at Magna International
Vincent J. Galifi, widely known for his unwavering dedication and strategic brilliance, joined Magna International in 1989 as Manager of Taxation. From there, he embarked on a journey of leadership, integrity, and achievement, climbing the ranks through various senior roles. His progression through the company included pivotal titles such as Director of Taxation, Controller and Director of Insurance, Vice President Finance, Executive Vice President Finance, and ultimately, Executive Vice President and Chief Financial Officer—a position he held since December 1997.
Over the course of his career at Magna, Galifi was not only a key member of the executive management team but also a guiding force behind the company’s financial success. Under his leadership, Magna maintained strong financial discipline, executed major acquisitions, and made strategic investments that helped the company expand its global footprint. Today, Magna is recognized as one of the world’s largest automotive suppliers, with global sales exceeding $36 billion—a testament to Galifi’s financial vision and stewardship.
A Visionary Financial Leader
Vince Galifi’s influence at Magna extended far beyond traditional financial responsibilities. He was instrumental in managing the company’s overall global strategy, guiding Magna through both high-growth periods and challenging economic environments. His hands-on approach and deep understanding of fiscal management made him a cornerstone of the company’s executive leadership team.
His work in mergers, acquisitions, and strategic investments played a vital role in Magna’s continued expansion across North America, Europe, and Asia. Galifi was known for his ability to identify growth opportunities while ensuring fiscal responsibility and sustainable development.
Career Beginnings and Educational Excellence
Before joining Magna International, Galifi began his professional journey at Coopers & Lybrand, a prestigious international accounting firm that would later become part of PricewaterhouseCoopers (PwC). During his tenure there, he held various senior positions, including Director of Taxation. His early career experience in taxation and finance laid the foundation for his future success in corporate leadership.
Galifi also distinguished himself academically and professionally by completing the Canadian Institute of Chartered Accountants In-depth Tax Course Parts I and II. These programs are known to be among the most comprehensive and rigorous tax training courses in Canada, reflecting Galifi’s dedication to mastering the intricacies of finance and taxation.
Remembering Vince Galifi’s Legacy
Vince Galifi will be remembered not only for his remarkable professional accomplishments but also for his commitment to excellence, integrity, and leadership. He earned the respect of his peers, colleagues, and industry partners through his humble demeanor, collaborative spirit, and unwavering focus on building a sustainable and successful enterprise.
He leaves behind a legacy that will continue to inspire future leaders in the automotive and finance sectors. His impact on Magna International—and on the broader business world—will be felt for years to come.
Funeral Arrangements
Funeral services for Vince Galifi will be handled by Vescio Funeral Homes. The family and company are expected to release further details regarding memorial services and public tributes in the coming days. Friends, colleagues, and members of the business community are encouraged to pay their respects and honor the life of a man who helped shape one of Canada’s most iconic companies.
Final Thoughts
As Magna International and the broader global business community mourn the loss of Vince Galifi, we reflect on a life marked by dedication, leadership, and profound impact. His contributions to the automotive industry, his company, and the people around him will not be forgotten.
Rest in peace, Vince Galifi. Your legacy lives on.
