Karl-Thomas Neumann, the current CEO of Opel/Vauxhall.
The German newspaper Frankfurter Allgemeine Sonntagszeitung is the one who revealed the news, Karl-Thomas Neumann, head of operations of General Motors in Europe, that is to say, the brands Opel and Vauxhall, would leave his post and would leave the company once it has completed the process of purchase of these trademarks by the French group PSA.
it is unusual to see a CEO leave his post, as neither is viewed as ceased, and in the last few weeks this is already the second time that we see a movement of this kind, after the cease -disguised as a resignation – Mark Fields at the Ford Motor Company. The case of Neumann is more strange, since both the leaders of PSA as the interested party had previously confirmed that after completion of the acquisition of Opel and Vauxhall, Neumann continues to exercise the same functions that up to now in Rüsselheim, where is located the headquarters of Opel.
According to the newspaper German, Neumann shall inform the board of directors of Opel for its decision at its next meeting, which will take place next 22 of June. So that confirmed the report of that newspaper will wait a few weeks quite hectic to Neumann.
Headquarters of Opel in Rüsselheim.
The report says that Neumann intended to continue in office until the transfer is complete by complete the PSA group, which would take place as soon at the end of the month of July. So the notice of Neumann would not leave too much margin to the board of directors of the German company.
Although what is more interesting is the reason that argued the newspaper for this strange decision of Neumann, since he asserts that this think that the new owner of Opel is underestimating the importance of electric vehicles currently. It is necessary to remember, that before it was known what the intentions of GM to sell Opel to PSA, Neumann was working on an important strategy to convert Opel into a brand of electric vehicles, and not only with the introduction of new models, but to direct the full range of the German manufacturer in this segment.
do Not know the exact details, but this information makes us think that PSA could not have given the green light, or continued with the strategy planned by Neumann in this field, and that is precisely one of the great subjects of PSA, which is quite delayed compared to other manufacturers in the field of electrical. We will remain vigilant to all the news we can get of this new union between Opel, Vauxhall and PSA.