German luxury carmaker Mercedes-Benz is set to appoint a new head to lead its Indian subsidiary as current MD and CEO, Roland Folger moves to pursue a new role within the company after completion of his three-year term in September 2018. Folger, who will take charge of Mercedes' operations in Thailand and Vietnam, will be succeeded by Martin Schwenk, CFO of Mercedes-Benz China.
With Folger at the helm, Mercedes Benz India strengthened its position as the country's the highest selling luxury carmaker by gaining a significant lead over rivals BMW and Audi. Moreover, under his lead, Mercedes was the first carmaker to launch a locally assembled BSVI-compliant vehicle in the country two years ahead of the government deadline of April 2020.
Highly rated by company insiders and dealer principals, Folger is considered to be one of the best CEOs to have steered Mercedes in India.
Folger has also proven to be one of the most outspoken CEOs of the auto industry as he reacted strongly to the various policy changes and flip flops by the government which affected the long-term planning of most carmakers.
Schwenk has held various positions as CFO at Mercedes Benz US (2010-2015), Mercedes Benz Austria CFO. He has a good understanding of the systems of retail, dealer network and most importantly, profitability.
from Autocar India - Cars https://ift.tt/2m58yHu
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