Those who have been paying attention may have taken notice of previous reports indicating that Opel would find its new chairman in Dr. Karl-Thomas Neumann, a former Volkswagen executive, and would officially announce his appointment on January 31. Well, today’s the day.
Effective March 1, Neumann will officially begin his tenure as Chairman of the Adam Opel AG Management Board, and as a bonus, will be appointed GM Europe President, as well as GM Vice President. Previously, the 51-year-old was CEO and vice president of Volkswagen Group China, where he worked out of Beijing from September 2010 to August 2012.
Neumann admits that the new position will be a challenge, considering Opel’s current struggles, but is confident that he and the rest of the Opel Management Board will be able to persevere enough to make a turnaround.