General Motors Co. said today that Karl-Friedrich Stracke will replace Nick Reilly as CEO of its Opel/Vauxhall unit, effective April 1.
Stracke has led GM's global vehicle engineering for the last year and a half. He will report to Reilly, who will continue as the head of GM's European operations and will be nominated to chair the Opel supervisory board.
GM said the move adds significant management strength as the company's European operations continue on their growth plan. "The European market and our European operations are important to General Motors, and these moves will ensure that we have the best leadership in place as we continue toward growth and profitability," said GM CEO Dan Akerson in a statement.
Stracke, 55, is a 32-year veteran of GM. He joins Opel/Vauxhall as the money losing division seeks to return to profitability after reducing capacity by a fifth and cutting about 8,000 of its 48,000 workforce.