The Globe and Mail reports in its Friday, Aug. 9, edition that Linamar announced a rise in earnings and revenue in the last quarter, which also marks the end of long-time chief executive officer Linda Hasenfratz's tenure in the top role. A Canadian Press dispatch to The Globe reports that the company announced that Ms. Hasenfratz has transitioned from the CEO position, which she has held since 2002, to become the executive chairman of the board. As a result, Jim Jarrell, who has been in the president role since 2004, will take on the CEO position. Alongside this leadership shift, Linamar reported a net income of $174.1-million for the quarter ending June 30, up from $135-million last year. Sales for the producer of auto parts, agricultural and industrial equipment totalled $2.85-billion, up from $2.55-billion last year. Ms. Hasenfratz said the company was happy with the growth in the quarter, especially with the continued recovery of its automotive business.