New Delhi: Vietnam’s largest conglomerate Vingroup, announced on Tuesday that it has appointed Michael Lohscheller as the CEO of its automotive division VinFast Global. Lohscheller will be responsible for scaling up VinFast’s operations and presence around the globe.
In his new role, Michael Lohscheller will lead VinFast’s operations in its current markets of Vietnam, the US, Canada, France, Germany and the Netherlands, with a clear goal of growing the business focusing on North America and Europe. That will include implementing strategic initiatives to turn VinFast into a global smart electric car company, Vingroup said in a release.
On his decision to join VinFast, Lohscheller said, “During my career, I have always been attracted by new challenges. When the opportunity came to join VinFast, I was immediately attracted because of the growth opportunities. I look forward to working with the leadership team to grow the company and establish it as a global smart electric car company.
Lohscheller gained leadership experience in finance, technology, purchasing and logistics before becoming a former Volkswagen Group of America Executive Vice President. From VW, he moved to Opel where he was the CEO for the past four years. During his leadership, Lohscheller led Opel to sustainable profitability after decades of losses. He also oversaw Opel’s transformation into an electrified car brand.
“Vingroup welcomes Michael Lohscheller to our leadership team. We strongly believe that his appearance will accelerate VinFast’s up and running global expansion. Lohscheller’s participation in VinFast’s senior management team reaffirms its long-term plan in attracting outstanding talents and acquiring management expertise from elite circles of the global automotive industry,” Thuy Le, Vingroup’s vice chairwoman, said.
With more than 20 years working in the automotive industry, Michael Lohscheller is expected to play a key role in VinFast’s bold steps in global expansion and towards becoming a leading global smart electric car company, the release added.
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