Karl-Thomas Neumann will become chairman of the Adam Opel AG management board, president of GM Europe and vice president of General Motors (GM) from 1 March 2013.
As well as overseeing Opel in Europe, including Vauxhall in the UK, Neumann will also become part of the GM executive committee.
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Dan Akerson, chairman and chief executive of GM, said: "Opel / Vauxhall is a key to General Motors’ global success. This move will ensure that we have the best possible leadership in place as we continue driving toward profitability and growth in Europe."
Neumann joins from his role as chief executive at Volkswagen, where he was also vice president of the brand’s group in China.
Time of flux
Earlier in the week Duncan Aldred, chairman of Vauxhall, was appointed as acting vice president for sales, marketing and aftersales at Opel / Vauxhall.
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By GlobalDataOpel-Vauxhall is currently operating a Europe-wide business recovery plan while aiming to fulfil parent GM Europe’s aim to cut costs and launch new products.
It is also a time of flux on the finance side of the company as GM has reacquired many of those national finance operations it originally sold to Ally Financial.
Meanwhile, the Opel deal with PSA Peugeot-Citroën appears to have stalled over a French government bailout of the French brands’ finance provider Banque PSA.
richard.brown@timetric.com
