Stronach stepping down as Magna chairman


* Stronach will stay on board, provide strategic guidance * Says "excessive rules" stifle market creativity TORONTO, March 31 (Reuters) - The founder of Magna International is stepping down from his long-time role as chairman of the auto parts giant after ceding control of the company last year, according a filing with U.S. regulators. Frank Stronach, 78, will keep a seat on the board and will continue to provide strategic guidance to the company, according to the company's annual ...

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