The Supervisory Board met on 23 July 2019, decided to appoint Michael Lohscheller, Opel Chief Executive Officer, as a member of the Managing Board effective from 1 September 2019 until the Managing Board’s term of office expires on 2 April 2021. He succeeds Jean - Christophe Quémard, Executive Vice President, Director Middle-East & Africa. The Supervisory Board thanks Jean-Christophe Quémard for his significant contribution to the Management Board since 2012. He remains member of the Global Executive Committee.
Michael Lohscheller's appointment to the Managing Board
reflects the importance of Opel Vauxhall's integration into Groupe PSA. He will
bring to the Managing Board his international experience gained from several
OEM, as well as his expertise in finance, trade and logistics.
On this appointment, Louis Gallois, Chairman of the
Supervisory Board of the Groupe PSA says: ‘I am very pleased, with the members
of the Supervisory Board, to welcome Michael Lohscheller to the Groupe PSA
Managing Board. It is in line with the Group's and the Supervisory Board's
willingness to continue the internationalization of its senior management. It
acknowledges the role taken by Michael Lohscheller in the turnaround of Opel
Michael Lohscheller is Chief Executive Officer (CEO) of Opel
Automobile GmbH since 2017. Before taking over the position, he was responsible
for the automaker’s finances. Prior to joining Opel in September 2012, Michael
Lohscheller was Executive Vice President and CFO at Volkswagen Group of
America, where he led a successful turnaround. During more than 20 years
working for different automobile companies, Lohscheller had broad business
responsibilities in different areas finance, e.g. marketing and sales,
purchasing and logistics. Lohscheller received a degree in business
administration in 1992 after studying at the University of Applied Sciences in
Osnabrück, Germany, and the University of Barcelona, Spain. In 1996, he earned
a Master of Arts degree in European Marketing Management at Brunel University
in London in parallel to his professional activity.