Opel CEO Michael Lohscheller is “Manager Of The Year 2019”

Auto Zeitung magazine chooses Opel boss at “Auto Trophy” election

CEO Michael Lohscheller with the new Opel Corsa-e

Title hattrick for Opel boss Michael Lohscheller: After the “Eurostar 2019” award and “MANBEST 2019”, the Opel CEO has now been named “Manager of the Year 2019”. The editors of the magazine Auto Zeitung recognized the successful work of Michael Lohscheller and the positive development at Opel at the annual “Auto Trophy” election. Auto Zeitung wrote: “He has been boss at Opel since 2017. Lohscheller shaped the transition from GM's long-losing traditional brand to Groupe PSA. Under his leadership, Opel earns money again.” The “Manager of the Year” award is the third title for Lohscheller within three months.

“Thank you very much for this award”, said Michael Lohscheller. “It stands for the success of our entire team, of all Opel employees. With our PACE! plan, we have set the goal of making Opel sustainably profitable, electric and global. This works thanks to the energetic support of everyone in the company.”

Since the implementation of PACE!, Opel has delivered a convincing economic performance. In the financial year 2018, Opel posted the highest operating profit in the company's history at €859 million; and in the first half of 2019, the operating result increased further to more than €700 million. At the same time, the German brand scores among experts and customers alike with its state-of-the-art models and technologies. Meanwhile, Opel is continuing its electric offensive. Following the debut of the Corsa-e and Grandland X plug-in hybrid, the brand's first battery-electric commercial vehicle – the Vivaro-e – will arrive next year. In 2021, Combo Life, Combo Cargo and Zafira Life will also be electrically powered. By 2024, all Opel models will be electrified.