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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.
On 1 October 2018, Frank Stronach and his wife filed a lawsuit against their Belinda, her children Nicole and Frankie, and Alon Ossip for failure to honour commitments regarding the management of The Stronach Group (TSG), from which Frank Stronach resigned as trustee in 2013 when he ran for office in Austria.
She became a vice-president of the company in 1995 and executive vice-president in 1999, until her appointment as president and chief executive officer.
She has chaired the boards of Decoma International Inc., Tesma International Inc., and Intier Automotive Inc., all in the auto parts sector.
In 2003, she received one of Canada's oldest and most distinguished awards, the Beth Shalom Humanitarian Award, presented in recognition of outstanding achievement in humanitarian service.
On November 9, 2006, she co-chaired the Millennium Promise Convention in Montreal with Canadian television personality Rick Mercer.
She was a founding member of the Canadian Automotive Partnership Council and served on the Ontario Task Force on Productivity, Competitiveness and Economic Progress.