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VW China CEO to join VW brand's management board
Automotive News China | 2019/1/29

Volkswagen Group has named VW China CEO Stephan Wollenstein to the VW brand¡¯s management board. The appointment is effective Friday, Feb. 1.

¡°Dr. Wollenstein has many years¡¯ work experience in China and has successfully expanded the VW brand¡¯s business in China,¡± VW Group Chairman Herbert Diess said in a statement. 

The appointment will allow him to ¡°play a key role in the board of management of the Volkswagen brand going forward¡±, Diess added. 

It is the second promotion Wollenstein received this month. 

He was appointed VW Group¡¯s China CEO while retaining the job of China CEO for the VW brand. 

Wollenstein, 55, became the VW brand¡¯s China chief in 2016. He previously was a senior executive at FAW-Volkswagen, VW Group¡¯s joint venture with China FAW Group Corp.

China has long been the largest single market for the VW brand as well as VW Group.

In 2018, the VW brand¡¯s China deliveries dipped 2.1 to 3.11 million. The tally accounted for nearly half of the brand¡¯s global sales. 

Yet, reflecting gains at Audi, Skoda and Porsche, the VW Group¡¯s local sales edged up 0.5 percent to 4.21 million last year.

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