General Motors is continuing a massive shake-up at its money-losing European operations as part of a broader turnaround plan.
The latest move puts board member Thomas Sedran in charge of Opel while two other executives with the German-based brand are being replaced.
Sedran, who had been serving as the deputy chairman of the Opel board is a turnaround specialist who previously worked with Detroit’s AlixPartners a consulting firm that played a major role in GM’s 2009 bankruptcy. He also led the automotive competitive analysis operations for the Roland Berger consultancy.
With a PhD from Ludwig Maximilian University, Sedran replaces Karl-Friedrich Stracke as Opel’s CEO. Stracke was yanked from that post after less than a year and will be handling “special assignments” for GM Chairman and Chief Executive Dan Akerson.