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Neumann steps down at Opel

Handing over: Karl-Thomas Neumann (left) congratulates incoming Opel CEO Michael Lohscheller on the new role.

New owner PSA Group hires Opel CFO to replace CEO Karl-Thomas Neumann

Opel logo13 Jun 2017

- Opel CEO Karl-Thomas Neumann has stepped down from his role just three months after the company, and its UK sister brand Vauxhall, were sold by General Motors to France’s PSA Group for $2.2 billion.

- Dr Neumann will retain his position as a member of the board of management until the closing of the sale to PSA, but will relinquish the CEO role that he has held since March 2013.

Click here for full story: Neumann steps down at Opel

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