Arab Today, arab today opel names interim chief executive
Last Updated : GMT 17:07:25
Arab Today, arab today
Arab Today, arab today

Opel names interim chief executive

Arab Today, arab today

Arab Today, arab today Opel names interim chief executive

Berlin - AFP

Troubled German carmaker Opel said Tuesday board member Thomas Sedran will take over as interim chief until a permanent successor can be found for Karl-Friedrich Stracke, who quit last week. Opel said in a statement its supervisory board appointed 47-year-old Sedran as interim head of the loss-making subsidiary of US auto giant General Motors \"with immediate effect.\" Sedran is already the board member responsible for operations and business strategy, a position he has held since April 1. \"He will assume the seat of chief executive ... until a successor can be announced\" for Stracke, 56, who stepped down as Opel\'s chief and head of General Motors Europe last week, the statement said. In June, Opel\'s supervisory board approved a deep restructuring plan to steer the firm back into profit. GM\'s European operations have run up billions of dollars in losses over the past 10 years and it had planned to sell Opel at one stage but pulled back when it could not find a suitable buyer. \"We\'re pressing ahead with the implementation and optimisiation of our business plan,\" said Opel supervisory board chief and GM Europe president Steve Girsky. \"We will cut down bureaucracy and change our company\'s corporate culture,\" he said. Sedran is Opel\'s fourth new chief within a period of just three years and the constant game of musical chairs at the head of the brand is doing little to help its reputation. Opel\'s market share in Europe is falling, at just 6.9 percent in June compared with 7.6 percent a year earlier, as sales plunge 12.2 percent. According to German media reports, Opel is seeking to recruit someone from outside the company to fill the driving seat, with names such as former Porsche chief Wendelin Wiedeking mooted as possible candidates. Herbert Demel, a former executive at Canadian car parts supplier Magna, ex-Daimler manager Rainer Schmueckle and Karl-Thomas Neumann of Volkswagen have also been seen as potential candidates. Sedran, born in Augsburg in southern Germany, formerly worked as a corporate consultant with firms such as AlixPartners and Roland Berger. At AlixPartners he was division head for the auto industry and has worked closely with Opel in that function since 2009.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today opel names interim chief executive Arab Today, arab today opel names interim chief executive

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today opel names interim chief executive Arab Today, arab today opel names interim chief executive

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday