The new head of Opel will be Michael Roseller


Moscow. June 14. INTERFAX.RU – the New CEO of German carmaker Opel is assigned to Michael Roseller, which will replace Karl-Thomas Neumann.

Board members unanimously approved for the post of Loseley, which since September 2012 has been the chief financial officer of Opel, said in a press release. He begins to perform the duties of CEO immediately.

Neumann will remain on the Board until the completion of the sale of Opel and Vauxhall to the French group PSA.

He stated that he had taken the “difficult decision” and is now fully focus on the transition of the company to another owner. In turn, the task of Loseley, who is now 48 years old, will be developing a new strategic plan for the development of the company.

In early March, the PSA announced the acquisition of the European division of American General Motors Co. (GM) for 2.2 billion euros. Including operations Opel and Vauxhall, the owner of brands Peugeot and Citroen will pay € 1.3 billion for GM financial assets of about 900 million euros. While the financial operations PSA buys together with the Bank BNP Paribas SA.

Thus, GM – the largest automaker of the US – leaving Europe, where his business was unprofitable for almost two decades.

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