2 more top execs resign in Opel revamp
Source: Agencies |
July 19, 2012, Thursday
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Print Edition
Print Edition
THE shake-up at General Motors' Opel subsidiary in Europe gathered speed yesterday as two more top executives left their posts.
Opel announced that Chief Financial Officer Mark James will be replaced by Michael Lohscheller, until now CFO of Volkswagen's US business.
Meanwhile, research and development head Rita Forst is also resigning from her post, to be taken over by another Opel executive Michael Ableson.
Yesterday's changes follow the sudden resignation last week of Opel Chief Executive Karl-Friedrich Stracke just two weeks after he presented a turnaround plan. That move was taken as a sign of GM's impatience with the effort to return loss-making Opel to profit.
Steve Girsky, chairman of Opel's board of directors and the acting head of GM Europe, said in Frankfurt that the new executives "will further accelerate the plan to revitalize Opel."
Opel announced that Chief Financial Officer Mark James will be replaced by Michael Lohscheller, until now CFO of Volkswagen's US business.
Meanwhile, research and development head Rita Forst is also resigning from her post, to be taken over by another Opel executive Michael Ableson.
Yesterday's changes follow the sudden resignation last week of Opel Chief Executive Karl-Friedrich Stracke just two weeks after he presented a turnaround plan. That move was taken as a sign of GM's impatience with the effort to return loss-making Opel to profit.
Steve Girsky, chairman of Opel's board of directors and the acting head of GM Europe, said in Frankfurt that the new executives "will further accelerate the plan to revitalize Opel."
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