News - Opel
Neumann steps down at Opel
New owner PSA Group hires Opel CFO to replace CEO Karl-Thomas Neumann
13 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.
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