In February 2001, she was appointed chief executive officer of Magna, succeeding Donald J. Walker (who became CEO of Magna spinoff Intier Automotive Inc.), and in January 2002, she also became its president. While CEO, the company added 3,000 jobs in Canada, 1,000 of them being in the Newmarket-Aurora area she would later represent in Parliament. Under her leadership Magna had record sales and profits each year. Though he held no formal operational role during that time, Frank Stronach remained as chairman of the board.