Opel CEO Karl-Thomas Neuman has resigned from the Russelsheim-based car manufacturer. According to Opel, Neuman was replaced by Michael Lohscheller who has been serving as the company’s chief financial officer since 2012.
Opel said is a "seamless managerial transition" and Lohscheller will not be tasked with developing a strategic placn which will soon be owned by PSA.
“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", said Neuman.
According to Opel, Neuman will remains on Opel’s Management Board until the sale to PSA closes.Source: Opel