Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who were at the top of the organizational charts of their companies before the crisis started in 2008 are still there today, according to data collected by Automotive News Europe for the revised Guide to Executives in the European automotive industry.
Europe's slump creates new opportunities at the top
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While the crisis caused turnover at the top of 65 percent of the automakers competing in Europe, ANE data shows, it also opened the door for some talented, dynamic executives to make their marks on the industry.
PSA/Peugeot-Citroen CEO Carlos Tavares and Opel Chief Executive Karl-Thomas Neumann are the energetic new leaders of automakers that have been chronic money-losers. Each has the chance to create a new reality for his struggling-but-proud brand.
Meanwhile, the Europe-based executives who survived the region's six-year downturn rank as some of industry’s most successful CEOs: Fiat Chrysler’s Sergio Marchionne, Renault-Nissan’s Carlos Ghosn, Volkswagen Group’s Martin Winterkorn, BMW’s Norbert Reithofer and Audi’s Rupert Stadler, to name a few.