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Canada's Magna President Kotagiri to take over as CEO

Canadian auto parts maker Magna International said on Tuesday President Seetarama Kotagiri would take over as chief executive officer in January.

Adds details on retiring CEO

Oct 20 (Reuters) - Canadian auto parts maker Magna International MG.TO said on Tuesday President Seetarama Kotagiri would take over as chief executive officer in January.

Kotagiri, a 21-year veteran of the company, will succeed Don Walker, who will retire at end of 2020 after holding the top job for 15 years.

The Ontario-based company in August forecast 2020 sales between $30 billion and $32 billion, above analysts' estimates.

It is set to report third-quarter results on Nov. 6.

(Reporting by Rachit Vats and Sanjana Shivdas in Bengaluru; Editing by Aditya Soni)

((Rachit.Vats@tr.com; within U.S. +1 646 223 8780, outside U.S. +91 80 61822828; Reuters Messaging: rachit.vats.thomsonreuters.com@reuters.net))

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