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Michael Lohscheller, Chief Executive Officer, Speaker of the Management Board of Adam Opel GmbH |
Opel CEO Dr. Karl-Thomas Neumann has stepped down as the Speaker of
the Management Board and CEO of Adam Opel GmbH today. He remains a
member of the Management Board until the closing of the sale of
Opel/Vauxhall to Groupe PSA. Michael Lohscheller, Opel CFO since
September 2012, has been unanimously appointed as his successor with
immediate effect by the Supervisory Board. This will ensure continuity
for the business and its stakeholders as well as a seamless managerial
transition with the priority task to build the new strategic plan for
Opel.
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Dr. Karl-Thomas Neumann (left) and the new Opel CEO, Michael Lohscheller. |
According to Dr. Neumann, “it was a difficult personal decision to
not continue with the Opel/Vauxhall team when it transitions to Groupe
PSA. I am proud of the team for all we have accomplished so far and have
no doubt that the move to PSA will make Opel/Vauxhall an even stronger
and more successful company in the future. I am committed to completing
this transaction and will then take some time to decide what is next for
me.”
“We have made tremendous progress in the turnaround of Opel/Vauxhall
under Karl-Thomas’ leadership,” said Dan Ammann, Opel Supervisory Board
Chairman and President, General Motors. “We thank him for his
significant contributions to Opel/Vauxhall and GM over the past four
years.”
Dr. Wolfgang Schäfer-Klug, Vice Chairman of the Supervisory Board of
Adam Opel GmbH and Head of the General Works Council: “The worker
representatives within the Supervisory Board respect Dr. Neumann’s
decision. He has managed to regain recognition with Opel, an improved
brand image and a strengthened self-awareness, coupled with competitive,
outstanding models. The decision to appoint the current CFO and member
of the management board Michael Lohscheller as the new CEO is explicitly
supported by us.”
Michael Lohscheller said: “I would like to thank the Supervisory
Board for the trust. We will stay on the current path and continue to
gain strength as part of the Groupe PSA. After the expected closing of
the transaction, a new European champion will emerge. I am looking
forward to the new task and to working together with the management team
to implement a successful future plan for the benefit of all 38,000
Opel/Vauxhall employees and its stakeholders.”
Groupe PSA Statement further to the appointment of Mr Lohscheller as CEO of Opel/Vauxhall
"We fully support the decision to appoint Mr. Lohscheller who will be
surrounded by Opel's best talents to bring Opel / Vauxhall to new
horizons for the benefit of its employees, customers and partners. My
personal interactions with Michael have been extremely positive, where
he has shown a great deal of insight of Opel and Vauxhall, as well as a
solid understanding of the international marketplace. I am enthusiastic
about the idea of contributing to the rebirth of Opel as a sustainable
German-based company within Groupe PSA." said Carlos Tavares, Chairman
of the Managing Board of Groupe PSA.
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