Vietnam’s conglomerate VinGroup announced on July 27 that it has appointed Michael Lohscheller as CEO of its automotive division VinFast Global.
|Michael Lohscheller (Photo: VNA) |
Hanoi – Vietnam’s conglomerate VinGroup announced on July 27 that it has appointed Michael Lohscheller as CEO of its automotive division VinFast Global.
Lohscheller, who used to be Executive Vice President of the Volkswagen Group of America and CEO of Opel, will be responsible for scaling up VinFast’s operations and presence around the globe.
During his leadership, he led Opel to sustainable profitability after decades of suffering losses. He also oversaw Opel’s transformation into an electrified car brand.
When he starts his new job in Vietnam, Lohscheller will lead VinFast’s operations in its current markets, namely Vietnam, the US, Canada, France, Germany and the Netherlands, with a clear goal of promoting strategic initiatives to turn VinFast into a global smart electric car company.
Vingroup’s Vice Chairwoman Le Thi Thu Thuy said Lohscheller’s participation in VinFast’s senior management team reaffirms Vingroup’s long-term plan in attracting outstanding talents and acquiring management expertise from elite circles of the global automotive industry.
On his decision to join VinFast, Lohscheller said during his career, he has always been attracted by new challenges. When the opportunity came to join VinFast, he was immediately attracted because of the growth opportunities. He looked forward to working with the leadership team to grow the company and establish it as a global smart electric car company.
With more than two decades of working in the automotive industry, 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.