Opel board said to appoint Neumann as CEO at Jan. 31 meeting
January 23, 2012
by Michael Knauer
Opel's supervisory board will likely confirm the appointment of Volkswagen executive, Karl-Thomas Neumann, as its new CEO at a meeting on Jan. 31, a member of the board told Automobilewoche, a sister publication of Automotive News Europe.
Neumann, VW's 51-year-old former China chief, is expected to take over the role from interim CEO Thomas Sedran on March 1 after VW signaled its willingness to release him early from his current contract.
Neumann was head of VW's China operations until last June when he was replaced by VW veteran Jochem Heizmann. He was CEO of German supplier Continental before he rejoined VW in 2009. The electronics engineer had spent a large part of his early career at VW.
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