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Found 10 results

  1. Jim Hackett's tenure as Ford CEO will be coming to a close on October 1st as he will retire from the position. His replacement is Jim Farley, currently Ford's Chief Operating Officer, a role he took on at the beginning of this year. In a press release, Ford said the two will be working together over the next two months on the transition. Hackett will stay on as "special advisor" for some time after. “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future. Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic,” said Ford executive chairman, Bill Ford. Hackett became Ford's CEO in 2017 after the ousting of then CEO Mark Fields. His short tenure brought forth some major and controversial decisions such as Ford killing off most of their passenger car nameplates to focus on trucks and utility vehicles; spending $11 billion in electric vehicles by 2022, and the introductions of the Mach-E, 2021 F-150, and Bronco. He has also dealt with a lot frustration from various groups as The Detroit News outlines, Hackett admitted that his tenure did cause a fair amount of friction, but said his efforts are starting to show. "I aimed for moving ahead versus just moving fast. Could we aim for a longer-arc kind of reward. In this case, for the three years it takes to get products to market, you're starting to see the fruits of our labor." Farley, who has been with Ford since 2007, knows he has a tough road ahead. Aside from realizing the various paths laid out by Hackett, he also has to deal with the issues of the COVID-19 pandemic and hopefully launch two of Ford's key product without any issues. Source: Ford Press Release is on Page 2 FORD ANNOUNCES JIM HACKETT TO RETIRE AS PRESIDENT AND CEO; JIM FARLEY TO SUCCEED HACKETT AS COMPANY CONTINUES TRANSFORMATION Jim Hackett, who has led Ford Motor Company’s transformation since 2017 as president and CEO, has elected to retire from the company Jim Farley, currently chief operating officer, becomes president and CEO of Ford effective Oct. 1. He was also elected to the Ford board of directors. He will work closely with Jim Hackett on the transition over the next two months Seamless CEO transition underscores strength of Ford’s leadership team, succession planning, and company progress over the past three years, Executive Chairman Bill Ford says DEARBORN, Mich., Aug. 4, 2020 – Ford Motor Company today announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. 1. Hackett, 65, and Farley, 58, will work together on a smooth leadership transition over the next two months. Under Hackett, Ford moved aggressively into the new era of smart vehicles and drove a deeper focus on customers’ wants and needs. At the same time, Ford improved the fitness of the base business – restructuring operations, invigorating the product portfolio and reducing bureaucracy. “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future,” said Bill Ford, Ford’s executive chairman. “Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic.” Farley, an automotive leader with deep global experience and a successful track record, collaborated with Hackett over the past three years to develop and execute Ford’s Creating Tomorrow Together plan to transform Ford into a higher-growth, higher-margin business. “Jim Farley matches an innate feel for cars and customers with great instincts for the future and the new technologies that are changing our industry,” Bill Ford said. “Jim’s passion for great vehicles and his intense drive for results are well known, and I have also seen him develop into a transformational leader with the determination and foresight to help Ford thrive into the future.” Farley joined Ford in 2007 as global head of Marketing and Sales and went on to lead Lincoln, Ford South America, Ford of Europe and all Ford global markets in successive roles. In April 2019, Farley was chosen to lead Ford’s New Businesses, Technology & Strategy team, helping the company determine how to capitalize on powerful forces reshaping the industry – such as software platforms, connectivity, AI, automation and new forms of propulsion. He was named chief operating officer in February of this year. Hackett, who will continue as a special advisor to Ford through March of 2021, said the time is right to pass the mantle of leadership to Jim Farley. “My goal when I took on the CEO role was to prepare Ford to win in the future,” Hackett said. “The hardest thing for a proud, long-lived company to do is change to meet the challenges of the world it’s entering rather than the world it has known. I’m very proud of how far we have come in creating a modern Ford and I am very optimistic about the future. “I have worked side-by-side with Jim Farley for the past three years and have the greatest confidence in him as a person and a leader,” Hackett said. “He has been instrumental in crafting our new product portfolio and redesigning our businesses around the world. He is also a change agent with a deep understanding of how to lead Ford in this new era defined by smart vehicles in a smart world.” Said Farley: “I love Ford and I am honored by the opportunity to serve and create value for Ford’s employees, customers, dealers, communities and all of our stakeholders. Jim Hackett has laid the foundation for a really vibrant future and we have made tremendous progress in the past three years. I am so excited to work together with the whole Ford team to realize the full potential of this great company in a new era.” View full article
  2. Jim Hackett's tenure as Ford CEO will be coming to a close on October 1st as he will retire from the position. His replacement is Jim Farley, currently Ford's Chief Operating Officer, a role he took on at the beginning of this year. In a press release, Ford said the two will be working together over the next two months on the transition. Hackett will stay on as "special advisor" for some time after. “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future. Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic,” said Ford executive chairman, Bill Ford. Hackett became Ford's CEO in 2017 after the ousting of then CEO Mark Fields. His short tenure brought forth some major and controversial decisions such as Ford killing off most of their passenger car nameplates to focus on trucks and utility vehicles; spending $11 billion in electric vehicles by 2022, and the introductions of the Mach-E, 2021 F-150, and Bronco. He has also dealt with a lot frustration from various groups as The Detroit News outlines, Hackett admitted that his tenure did cause a fair amount of friction, but said his efforts are starting to show. "I aimed for moving ahead versus just moving fast. Could we aim for a longer-arc kind of reward. In this case, for the three years it takes to get products to market, you're starting to see the fruits of our labor." Farley, who has been with Ford since 2007, knows he has a tough road ahead. Aside from realizing the various paths laid out by Hackett, he also has to deal with the issues of the COVID-19 pandemic and hopefully launch two of Ford's key product without any issues. Source: Ford Press Release is on Page 2 FORD ANNOUNCES JIM HACKETT TO RETIRE AS PRESIDENT AND CEO; JIM FARLEY TO SUCCEED HACKETT AS COMPANY CONTINUES TRANSFORMATION Jim Hackett, who has led Ford Motor Company’s transformation since 2017 as president and CEO, has elected to retire from the company Jim Farley, currently chief operating officer, becomes president and CEO of Ford effective Oct. 1. He was also elected to the Ford board of directors. He will work closely with Jim Hackett on the transition over the next two months Seamless CEO transition underscores strength of Ford’s leadership team, succession planning, and company progress over the past three years, Executive Chairman Bill Ford says DEARBORN, Mich., Aug. 4, 2020 – Ford Motor Company today announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. 1. Hackett, 65, and Farley, 58, will work together on a smooth leadership transition over the next two months. Under Hackett, Ford moved aggressively into the new era of smart vehicles and drove a deeper focus on customers’ wants and needs. At the same time, Ford improved the fitness of the base business – restructuring operations, invigorating the product portfolio and reducing bureaucracy. “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future,” said Bill Ford, Ford’s executive chairman. “Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic.” Farley, an automotive leader with deep global experience and a successful track record, collaborated with Hackett over the past three years to develop and execute Ford’s Creating Tomorrow Together plan to transform Ford into a higher-growth, higher-margin business. “Jim Farley matches an innate feel for cars and customers with great instincts for the future and the new technologies that are changing our industry,” Bill Ford said. “Jim’s passion for great vehicles and his intense drive for results are well known, and I have also seen him develop into a transformational leader with the determination and foresight to help Ford thrive into the future.” Farley joined Ford in 2007 as global head of Marketing and Sales and went on to lead Lincoln, Ford South America, Ford of Europe and all Ford global markets in successive roles. In April 2019, Farley was chosen to lead Ford’s New Businesses, Technology & Strategy team, helping the company determine how to capitalize on powerful forces reshaping the industry – such as software platforms, connectivity, AI, automation and new forms of propulsion. He was named chief operating officer in February of this year. Hackett, who will continue as a special advisor to Ford through March of 2021, said the time is right to pass the mantle of leadership to Jim Farley. “My goal when I took on the CEO role was to prepare Ford to win in the future,” Hackett said. “The hardest thing for a proud, long-lived company to do is change to meet the challenges of the world it’s entering rather than the world it has known. I’m very proud of how far we have come in creating a modern Ford and I am very optimistic about the future. “I have worked side-by-side with Jim Farley for the past three years and have the greatest confidence in him as a person and a leader,” Hackett said. “He has been instrumental in crafting our new product portfolio and redesigning our businesses around the world. He is also a change agent with a deep understanding of how to lead Ford in this new era defined by smart vehicles in a smart world.” Said Farley: “I love Ford and I am honored by the opportunity to serve and create value for Ford’s employees, customers, dealers, communities and all of our stakeholders. Jim Hackett has laid the foundation for a really vibrant future and we have made tremendous progress in the past three years. I am so excited to work together with the whole Ford team to realize the full potential of this great company in a new era.”
  3. Mike Manley has been chosen as the replacement for the seriously ill Sergio Marchionne as Fiat Chrysler Automobiles CEO today. A source tells Automotive News Europe that the decision was made during an emergency meeting of FCA's board of directors today. "With reference to the health of Sergio Marchionne, Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours," FCA said in a statement released a few moments ago. "As a consequence, Mr. Marchionne will be unable to return to work." As we reported earlier this morning, Marchionne has been dealing “massive” and serious complications after surgery to his shoulder. Marchionne was planning to announce his successor next April during the company's announcement of 2018 financial results. Manley joined DiamlerChrysler in 2000 as the director of network development for the UK branch. He would hold various positions at DiamlerChrysler and Chrysler before being named CEO of Jeep in 2009. Under his leadership, Jeep has expanded into other markets and sales have quadrupled. He would also be named CEO of Ram Trucks in 2015. Manley prevailed over two other FCA veterans: CFO Richard Palmer and COO of Europe, Middle East and Africa regions, Alfredo Altavilla. Source: Automotive News Europe (Subscription Required), Fiat Chrysler Automobiles FCA Announcement July 21, 2018 , London - With reference to the health of Sergio Marchionne, Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours. As a consequence, Mr. Marchionne will be unable to return to work. The Board of Directors of FCA, meeting today, firstly expressed its closeness to Sergio Marchionne and his family and underlined the extraordinary contribution, both human and professional, that he has made to the Company in these years. The Board resolved to accelerate the CEO transition process that has been proceeding over the past months and named Mike Manley as CEO. The Board will therefore propose to the next Shareholder Meeting, to be called in the coming days, that he be elected to the Board and serve as an executive director of the Company. In the meantime, in order to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Mr. Manley all the powers of CEO. He will also assume responsibility for the NAFTA region. Mr. Manley and his management team will proceed with the implementation of the 2018 – 2022 Business Plan as presented on June 1 of this year, a plan that will further assure FCA’s strong and independent future.
  4. Mike Manley has been chosen as the replacement for the seriously ill Sergio Marchionne as Fiat Chrysler Automobiles CEO today. A source tells Automotive News Europe that the decision was made during an emergency meeting of FCA's board of directors today. "With reference to the health of Sergio Marchionne, Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours," FCA said in a statement released a few moments ago. "As a consequence, Mr. Marchionne will be unable to return to work." As we reported earlier this morning, Marchionne has been dealing “massive” and serious complications after surgery to his shoulder. Marchionne was planning to announce his successor next April during the company's announcement of 2018 financial results. Manley joined DiamlerChrysler in 2000 as the director of network development for the UK branch. He would hold various positions at DiamlerChrysler and Chrysler before being named CEO of Jeep in 2009. Under his leadership, Jeep has expanded into other markets and sales have quadrupled. He would also be named CEO of Ram Trucks in 2015. Manley prevailed over two other FCA veterans: CFO Richard Palmer and COO of Europe, Middle East and Africa regions, Alfredo Altavilla. Source: Automotive News Europe (Subscription Required), Fiat Chrysler Automobiles FCA Announcement July 21, 2018 , London - With reference to the health of Sergio Marchionne, Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours. As a consequence, Mr. Marchionne will be unable to return to work. The Board of Directors of FCA, meeting today, firstly expressed its closeness to Sergio Marchionne and his family and underlined the extraordinary contribution, both human and professional, that he has made to the Company in these years. The Board resolved to accelerate the CEO transition process that has been proceeding over the past months and named Mike Manley as CEO. The Board will therefore propose to the next Shareholder Meeting, to be called in the coming days, that he be elected to the Board and serve as an executive director of the Company. In the meantime, in order to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Mr. Manley all the powers of CEO. He will also assume responsibility for the NAFTA region. Mr. Manley and his management team will proceed with the implementation of the 2018 – 2022 Business Plan as presented on June 1 of this year, a plan that will further assure FCA’s strong and independent future. View full article
  5. Cadillac's leadership is seeing a major change as current president Johan de Nysschen will be stepping down effective immediately. In his place will be Steve Carlisle who is currently president and managing director of GM Canada. “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac. Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard,” said General Motors President Dan Ammann in a statement. No reason was given as to why de Nysschen is leaving after leading the brand for over three years. His tenure saw Cadillac make a number of dramatic changes including moving the brand's headquarters to New York City and introducing a new nomenclature system. Steve Carlisle has been part of GM since 1982 when he was an industrial engineering co-op student at the Oshawa assembly plant. He was named the president of GM Canada back in 2014 and helped the region get back on its feet. Last year, GM was number one in retail sales in Canada, with Buick, Cadillac, and GMC posting their best ever sales. “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future. I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury,” said Carlisle. We'll be updating this story if any new information comes out. UPDATE: Automotive News and Wards Auto have learned some possible reasons as to why de Nysschen was shown the door. One is Cadillac's slumping sales. In 2017, sales in the U.S. dropped eight percent - the second straight year of a sales decline. Sales are doing slightly better in 2018 - up 8.1 percent - some of this is due to incentives being placed on slow-selling models. Project Pinnacle which was de Nysschen's ambitious incentive plan that would divide dealers into five tiers based on sales volume. Each tier would have different requirements in terms of showroom and service, along with perks. One contentious point that irked a number of dealers was smaller dealers setting up a "virtual showroom" where buyers could order vehicles. These dealers would not be able to stock Cadillac vehicles. Since then, Project Pinnacle has undergone a number of changes. Wards Auto says de Nysschen didn't move fast enough to join the fast-growing trend of crossovers. Cadillac has introduced the XT4 at the New York Auto Show last month are there plans to launch a couple more in the coming years, but this is only going to widen the gap between Cadillac and competitors. Both outlets report there has been growing tension between de Nysschen and GM. Such examples include him proclaiming that "Cadillac would be the technical leader at GM in the future," partly due to the launch of SuperCruise. Apparently, de Nysschen forgot about the Chevrolet Bolt and Volt. There was also the comment he made about Apple's CarPlay saying it was “extremely clunky”. (Mr. de Nysschen, have you even used CUE?! -WM) Source: General Motors GM Names Steve Carlisle Senior VP and President, Cadillac Johan de Nysschen leaves GM to pursue other interests; Travis Hester becomes president and managing director, GM Canada DETROIT — General Motors today announced the appointment of Steve Carlisle as General Motors senior vice president and president, Cadillac, replacing Johan de Nysschen, who is leaving the company effective immediately. Travis Hester, currently vice president, Global Product Programs, is named president and managing director, GM Canada, replacing Carlisle. The transition will begin immediately. “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac,” said General Motors President Dan Ammann. “Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard.” Carlisle was most recently president and managing director of GM Canada, where he led a resurgence of the GM Canada franchise. In 2017, GM was number one in automotive retail sales in Canada, with Buick, GMC and Cadillac achieving their best ever sales years. Carlisle also reestablished key relationships in Canada with retailers, employees and government officials. “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future,” said Carlisle. “I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury.” Carlisle will report to Dan Ammann. Carlisle began his GM career in 1982 as an industrial engineering co-op student at the Oshawa Truck Assembly Plant. Over the course of his career with General Motors, Carlisle has held several senior leadership positions that have taken him across the globe, including vice president, Global Product Planning (2010-2014); vice president, U.S. Sales Operations (2010); and president and managing director, Southeast Asia Operations (2007-2010). Hester brings extensive global leadership and global product development experience to his new role at GM Canada. Since 2016, he has led the team responsible for balancing all aspects of vehicle development, including quality, cost, appearance, purchasing, customer acceptance and performance targets. Hester will report to Alan Batey, president, GM North America. Hester began his GM career in 1995 in Australia as a technical support engineer for GM Holden. He held a variety of positions in Australia before moving to the U.S. in 2005. Since 2005, Hester has held engineering positions in both the U.S. and China, including chief engineer for several global premium luxury vehicles, the Buick Regal, Buick LaCrosse and the Chevrolet Sonic. Hester became vice president, Global Product Programs, in 2016. View full article
  6. Cadillac's leadership is seeing a major change as current president Johan de Nysschen will be stepping down effective immediately. In his place will be Steve Carlisle who is currently president and managing director of GM Canada. “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac. Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard,” said General Motors President Dan Ammann in a statement. No reason was given as to why de Nysschen is leaving after leading the brand for over three years. His tenure saw Cadillac make a number of dramatic changes including moving the brand's headquarters to New York City and introducing a new nomenclature system. Steve Carlisle has been part of GM since 1982 when he was an industrial engineering co-op student at the Oshawa assembly plant. He was named the president of GM Canada back in 2014 and helped the region get back on its feet. Last year, GM was number one in retail sales in Canada, with Buick, Cadillac, and GMC posting their best ever sales. “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future. I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury,” said Carlisle. We'll be updating this story if any new information comes out. UPDATE: Automotive News and Wards Auto have learned some possible reasons as to why de Nysschen was shown the door. One is Cadillac's slumping sales. In 2017, sales in the U.S. dropped eight percent - the second straight year of a sales decline. Sales are doing slightly better in 2018 - up 8.1 percent - some of this is due to incentives being placed on slow-selling models. Project Pinnacle which was de Nysschen's ambitious incentive plan that would divide dealers into five tiers based on sales volume. Each tier would have different requirements in terms of showroom and service, along with perks. One contentious point that irked a number of dealers was smaller dealers setting up a "virtual showroom" where buyers could order vehicles. These dealers would not be able to stock Cadillac vehicles. Since then, Project Pinnacle has undergone a number of changes. Wards Auto says de Nysschen didn't move fast enough to join the fast-growing trend of crossovers. Cadillac has introduced the XT4 at the New York Auto Show last month are there plans to launch a couple more in the coming years, but this is only going to widen the gap between Cadillac and competitors. Both outlets report there has been growing tension between de Nysschen and GM. Such examples include him proclaiming that "Cadillac would be the technical leader at GM in the future," partly due to the launch of SuperCruise. Apparently, de Nysschen forgot about the Chevrolet Bolt and Volt. There was also the comment he made about Apple's CarPlay saying it was “extremely clunky”. (Mr. de Nysschen, have you even used CUE?! -WM) Source: General Motors GM Names Steve Carlisle Senior VP and President, Cadillac Johan de Nysschen leaves GM to pursue other interests; Travis Hester becomes president and managing director, GM Canada DETROIT — General Motors today announced the appointment of Steve Carlisle as General Motors senior vice president and president, Cadillac, replacing Johan de Nysschen, who is leaving the company effective immediately. Travis Hester, currently vice president, Global Product Programs, is named president and managing director, GM Canada, replacing Carlisle. The transition will begin immediately. “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac,” said General Motors President Dan Ammann. “Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard.” Carlisle was most recently president and managing director of GM Canada, where he led a resurgence of the GM Canada franchise. In 2017, GM was number one in automotive retail sales in Canada, with Buick, GMC and Cadillac achieving their best ever sales years. Carlisle also reestablished key relationships in Canada with retailers, employees and government officials. “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future,” said Carlisle. “I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury.” Carlisle will report to Dan Ammann. Carlisle began his GM career in 1982 as an industrial engineering co-op student at the Oshawa Truck Assembly Plant. Over the course of his career with General Motors, Carlisle has held several senior leadership positions that have taken him across the globe, including vice president, Global Product Planning (2010-2014); vice president, U.S. Sales Operations (2010); and president and managing director, Southeast Asia Operations (2007-2010). Hester brings extensive global leadership and global product development experience to his new role at GM Canada. Since 2016, he has led the team responsible for balancing all aspects of vehicle development, including quality, cost, appearance, purchasing, customer acceptance and performance targets. Hester will report to Alan Batey, president, GM North America. Hester began his GM career in 1995 in Australia as a technical support engineer for GM Holden. He held a variety of positions in Australia before moving to the U.S. in 2005. Since 2005, Hester has held engineering positions in both the U.S. and China, including chief engineer for several global premium luxury vehicles, the Buick Regal, Buick LaCrosse and the Chevrolet Sonic. Hester became vice president, Global Product Programs, in 2016.
  7. Today, Dr. Karl-Thomas Neumann has announced that he will be stepping down as Opel CEO, confirming various reports that came out over the weekend. His replacement is Opel's current chief financial officer, Michael Lohscheller effective immediately. "It was a difficult personal decision to not continue with the Opel/Vauxhall team when it transitions to Groupe PSA. I am proud of the team for all we have accomplished so far and have no doubt that the move to PSA will make Opel/Vauxhall an even stronger and more successful company in the future. I am committed to completing this transaction and will then take some time to decide what is next for me,” Neumann said in a statement released today. Neumann will stay on Opel's management board until the sale of Opel and Vauxhall to PSA Groupe is completed. Reports of Neumann's department popped up on Saturday by German newspaper Frankfurter Allgemeine Sonntagszeitung. Their report said a key reason for his departure was concerns about PSA Group not fully valuing the importance of electric vehicles. It should be noted the paper did not cite a source for this claim. As we reported back in February, Neumann was working on a secret plan on transitioning the brand to selling only electric vehicles. Then on Sunday, Reuters learned from a source that Volkswagen was considering re-hiring Neumann - possibly as CEO for Audi. Before joining GM, Neumann was in charge of Volkswagen's operations in China. Current Audi CEO Rupert Stadler is under fire due to the recent reveal of illegal software installed on certain A7 and A8 TDIs in Europe. Source: Frankfurter Allgemeine Sonntagszeitung , Reuters, Opel Press Release is on Page 2 Michael Lohscheller Appointed New CEO of Opel Rüsselsheim. Opel CEO Dr. Karl-Thomas Neumann has stepped down as the Speaker of the Management Board and CEO of Adam Opel GmbH today. He remains a member of the Management Board until the closing of the sale of Opel/Vauxhall to Groupe PSA. Michael Lohscheller, Opel CFO since September 2012, has been unanimously appointed as his successor with immediate effect by the Supervisory Board. This will ensure continuity for the business and its stakeholders as well as a seamless managerial transition with the priority task to build the new strategic plan for Opel. According to Dr. Neumann, “it was a difficult personal decision to not continue with the Opel/Vauxhall team when it transitions to Groupe PSA. I am proud of the team for all we have accomplished so far and have no doubt that the move to PSA will make Opel/Vauxhall an even stronger and more successful company in the future. I am committed to completing this transaction and will then take some time to decide what is next for me.” “We have made tremendous progress in the turnaround of Opel/Vauxhall under Karl-Thomas’ leadership,” said Dan Ammann, Opel Supervisory Board Chairman and President, General Motors. “We thank him for his significant contributions to Opel/Vauxhall and GM over the past four years.” Dr. Wolfgang Schäfer-Klug, Vice Chairman of the Supervisory Board of Adam Opel GmbH and Head of the General Works Council: “The worker representatives within the Supervisory Board respect Dr. Neumann’s decision. He has managed to regain recognition with Opel, an improved brand image and a strengthened self-awareness, coupled with competitive, outstanding models. The decision to appoint the current CFO and member of the management board Michael Lohscheller as the new CEO is explicitly supported by us.” Michael Lohscheller said: “I would like to thank the Supervisory Board for the trust. We will stay on the current path and continue to gain strength as part of the Groupe PSA. After the expected closing of the transaction, a new European champion will emerge. I am looking forward to the new task and to working together with the management team to implement a successful future plan for the benefit of all 38,000 Opel/Vauxhall employees and its stakeholders.”
  8. Today, Dr. Karl-Thomas Neumann has announced that he will be stepping down as Opel CEO, confirming various reports that came out over the weekend. His replacement is Opel's current chief financial officer, Michael Lohscheller effective immediately. "It was a difficult personal decision to not continue with the Opel/Vauxhall team when it transitions to Groupe PSA. I am proud of the team for all we have accomplished so far and have no doubt that the move to PSA will make Opel/Vauxhall an even stronger and more successful company in the future. I am committed to completing this transaction and will then take some time to decide what is next for me,” Neumann said in a statement released today. Neumann will stay on Opel's management board until the sale of Opel and Vauxhall to PSA Groupe is completed. Reports of Neumann's department popped up on Saturday by German newspaper Frankfurter Allgemeine Sonntagszeitung. Their report said a key reason for his departure was concerns about PSA Group not fully valuing the importance of electric vehicles. It should be noted the paper did not cite a source for this claim. As we reported back in February, Neumann was working on a secret plan on transitioning the brand to selling only electric vehicles. Then on Sunday, Reuters learned from a source that Volkswagen was considering re-hiring Neumann - possibly as CEO for Audi. Before joining GM, Neumann was in charge of Volkswagen's operations in China. Current Audi CEO Rupert Stadler is under fire due to the recent reveal of illegal software installed on certain A7 and A8 TDIs in Europe. Source: Frankfurter Allgemeine Sonntagszeitung , Reuters, Opel Press Release is on Page 2 Michael Lohscheller Appointed New CEO of Opel Rüsselsheim. Opel CEO Dr. Karl-Thomas Neumann has stepped down as the Speaker of the Management Board and CEO of Adam Opel GmbH today. He remains a member of the Management Board until the closing of the sale of Opel/Vauxhall to Groupe PSA. Michael Lohscheller, Opel CFO since September 2012, has been unanimously appointed as his successor with immediate effect by the Supervisory Board. This will ensure continuity for the business and its stakeholders as well as a seamless managerial transition with the priority task to build the new strategic plan for Opel. According to Dr. Neumann, “it was a difficult personal decision to not continue with the Opel/Vauxhall team when it transitions to Groupe PSA. I am proud of the team for all we have accomplished so far and have no doubt that the move to PSA will make Opel/Vauxhall an even stronger and more successful company in the future. I am committed to completing this transaction and will then take some time to decide what is next for me.” “We have made tremendous progress in the turnaround of Opel/Vauxhall under Karl-Thomas’ leadership,” said Dan Ammann, Opel Supervisory Board Chairman and President, General Motors. “We thank him for his significant contributions to Opel/Vauxhall and GM over the past four years.” Dr. Wolfgang Schäfer-Klug, Vice Chairman of the Supervisory Board of Adam Opel GmbH and Head of the General Works Council: “The worker representatives within the Supervisory Board respect Dr. Neumann’s decision. He has managed to regain recognition with Opel, an improved brand image and a strengthened self-awareness, coupled with competitive, outstanding models. The decision to appoint the current CFO and member of the management board Michael Lohscheller as the new CEO is explicitly supported by us.” Michael Lohscheller said: “I would like to thank the Supervisory Board for the trust. We will stay on the current path and continue to gain strength as part of the Groupe PSA. After the expected closing of the transaction, a new European champion will emerge. I am looking forward to the new task and to working together with the management team to implement a successful future plan for the benefit of all 38,000 Opel/Vauxhall employees and its stakeholders.” View full article
  9. Carlos Ghosn announced yesterday that he would be stepping down as CEO for Nissan on April 1st. In a statement, Ghosn explained that he wants to focus on the expansion and stewardship of the alliance between Nissan, Renault, and Mitsubishi. That doesn't mean Ghosn is fully stepping away from Nissan. He will still serve as the chairman of the board for the brand. "As Nissan's Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance. This planned change will also allow me to devote more time and energy to managing the strategic and operational evolution and expansion of the Alliance and ensuring that all its members benefit from the competitive advantages that its scale will deliver. I am committed to supporting the Alliance as it evolves and expands, and will continue to serve each member of the Alliance wherever and whenever necessary," said Ghosn. Ghosn's replacement is Hiroto Saikawa, currently the co-CEO of Nissan. Saikawa joined the company back in 1997 and has held a number of roles including the company's Chief Competitive Officer. "I would like to thank Mr. Ghosn and the Nissan board for entrusting me with this new responsibility. Under Mr. Ghosn's chairmanship and with the support of the excellent leadership team that has been built at Nissan, my focus will be delivering our company's continued performance and development and on continuing Nissan's contribution to the success of the Alliance," said Saikawa. Source: Nissan Press Release is on Page 2 Hiroto Saikawa appointed as Nissan Chief Executive Officer Carlos Ghosn to continue to serve as Chairman of Nissan’s Board of Directors YOKOHAMA, Japan – At the recommendation of Chairman of the Board and Chief Executive Officer Carlos Ghosn, the Nissan Board of Directors has decided that as of April 1, 2017, Hiroto Saikawa will assume the position of Chief Executive Officer. Mr. Ghosn will continue to serve as Chairman of the Board of Directors, and he will seek a renewal of his mandate at the company's general shareholders meeting in June 2017. This planned management evolution follows Mr. Ghosn's leadership of the recent expansion of the Renault-Nissan Alliance to include Mitsubishi Motors, which positions the Alliance among the top automotive groups in terms of scale. As Chairman of all three Alliance companies, and as Chief Executive Officer of the Renault Group, Mr. Ghosn wishes to focus more of his attention on the expansion and stewardship of the Alliance, as its Chairman and CEO. In this role, he will ensure that the opportunities available to Alliance members are fully harnessed. Mr. Ghosn stated, "I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the company's operational and strategic goals. Having recently taken on new responsibilities at Mitsubishi Motors, and taking into consideration the upcoming Nissan general shareholders meeting, I have decided that the time is right for Hiroto Saikawa to succeed me as Nissan's CEO." He continued, "As Nissan's Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance. This planned change will also allow me to devote more time and energy to managing the strategic and operational evolution and expansion of the Alliance and ensuring that all its members benefit from the competitive advantages that its scale will deliver. I am committed to supporting the Alliance as it evolves and expands, and will continue to serve each member of the Alliance wherever and whenever necessary." Mr. Saikawa currently serves as Nissan's co-CEO and a representative director. Between April 2013 and October 2016, he was Nissan's Chief Competitive Officer. Mr. Saikawa joined Nissan in 1977, and since 1999 he has served in a variety of senior management positions, including Chairman of the Management Committees of the Americas and Europe, as well as the Executive Vice President of Purchasing. In addition to his responsibilities at Nissan, Mr. Saikawa is the current Chairman of the Japan Automobile Manufacturers Association (JAMA). He previously served as a member of the board of directors of Renault between 2006 and 2016. Mr. Saikawa stated, "I would like to thank Mr. Ghosn and the Nissan board for entrusting me with this new responsibility. Under Mr. Ghosn's chairmanship and with the support of the excellent leadership team that has been built at Nissan, my focus will be delivering our company's continued performance and development and on continuing Nissan's contribution to the success of the Alliance."
  10. Carlos Ghosn announced yesterday that he would be stepping down as CEO for Nissan on April 1st. In a statement, Ghosn explained that he wants to focus on the expansion and stewardship of the alliance between Nissan, Renault, and Mitsubishi. That doesn't mean Ghosn is fully stepping away from Nissan. He will still serve as the chairman of the board for the brand. "As Nissan's Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance. This planned change will also allow me to devote more time and energy to managing the strategic and operational evolution and expansion of the Alliance and ensuring that all its members benefit from the competitive advantages that its scale will deliver. I am committed to supporting the Alliance as it evolves and expands, and will continue to serve each member of the Alliance wherever and whenever necessary," said Ghosn. Ghosn's replacement is Hiroto Saikawa, currently the co-CEO of Nissan. Saikawa joined the company back in 1997 and has held a number of roles including the company's Chief Competitive Officer. "I would like to thank Mr. Ghosn and the Nissan board for entrusting me with this new responsibility. Under Mr. Ghosn's chairmanship and with the support of the excellent leadership team that has been built at Nissan, my focus will be delivering our company's continued performance and development and on continuing Nissan's contribution to the success of the Alliance," said Saikawa. Source: Nissan Press Release is on Page 2 Hiroto Saikawa appointed as Nissan Chief Executive Officer Carlos Ghosn to continue to serve as Chairman of Nissan’s Board of Directors YOKOHAMA, Japan – At the recommendation of Chairman of the Board and Chief Executive Officer Carlos Ghosn, the Nissan Board of Directors has decided that as of April 1, 2017, Hiroto Saikawa will assume the position of Chief Executive Officer. Mr. Ghosn will continue to serve as Chairman of the Board of Directors, and he will seek a renewal of his mandate at the company's general shareholders meeting in June 2017. This planned management evolution follows Mr. Ghosn's leadership of the recent expansion of the Renault-Nissan Alliance to include Mitsubishi Motors, which positions the Alliance among the top automotive groups in terms of scale. As Chairman of all three Alliance companies, and as Chief Executive Officer of the Renault Group, Mr. Ghosn wishes to focus more of his attention on the expansion and stewardship of the Alliance, as its Chairman and CEO. In this role, he will ensure that the opportunities available to Alliance members are fully harnessed. Mr. Ghosn stated, "I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the company's operational and strategic goals. Having recently taken on new responsibilities at Mitsubishi Motors, and taking into consideration the upcoming Nissan general shareholders meeting, I have decided that the time is right for Hiroto Saikawa to succeed me as Nissan's CEO." He continued, "As Nissan's Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance. This planned change will also allow me to devote more time and energy to managing the strategic and operational evolution and expansion of the Alliance and ensuring that all its members benefit from the competitive advantages that its scale will deliver. I am committed to supporting the Alliance as it evolves and expands, and will continue to serve each member of the Alliance wherever and whenever necessary." Mr. Saikawa currently serves as Nissan's co-CEO and a representative director. Between April 2013 and October 2016, he was Nissan's Chief Competitive Officer. Mr. Saikawa joined Nissan in 1977, and since 1999 he has served in a variety of senior management positions, including Chairman of the Management Committees of the Americas and Europe, as well as the Executive Vice President of Purchasing. In addition to his responsibilities at Nissan, Mr. Saikawa is the current Chairman of the Japan Automobile Manufacturers Association (JAMA). He previously served as a member of the board of directors of Renault between 2006 and 2016. Mr. Saikawa stated, "I would like to thank Mr. Ghosn and the Nissan board for entrusting me with this new responsibility. Under Mr. Ghosn's chairmanship and with the support of the excellent leadership team that has been built at Nissan, my focus will be delivering our company's continued performance and development and on continuing Nissan's contribution to the success of the Alliance." View full article

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