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Michael Lohscheller named as new Vauxhall/Opel CEO

Date: 12 June 2017   |   Author: Daniel Puddicombe

Michael Lohscheller has been appointed as the new CEO of Vauxhall and Opel, taking over from Karl-Thomas Neumann with immediate effect.

Lohscheller, previously chief financial officer for the two brands since September 2012, will continue to hold the top position following the conclusion of the sale to the PSA Group.

Vauxhall/Opel said his appointment would "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".

Neumann, meanwhile, will remain on the board of the sister companies until the sale concludes.

"We will stay on the current path and continue to gain strength as part of the Groupe PSA," Lohscheller said. "After the 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."

"We fully support the decision to appoint 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," said Carlos Tavares, chairman of the managing board of Groupe PSA.

Tavares added: "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."