Skoda, which didn’t give a purpose for Maier’s departure, stated a successor can be elected by the board in August.
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The change at Skoda comes amid a broader administration reshuffle on the Volkswagen Group
Bernhard Maier, chairman of Czech carmaker Skoda Auto, a part of the Volkswagen Group, will depart his put up on the finish of July after almost 5 years, the corporate stated on Thursday.
Skoda, which didn’t give a purpose for Maier’s departure, stated a successor can be elected by the board in August.
The automotive group is the Czech Republic’s greatest exporter and a bellwether for the economic system, which faces a steep drop in 2020 as a result of coronavirus pandemic. Skoda bought 1.24 million automobiles in 2019.
The announcement of Maier’s departure confirmed an earlier report in Handelsblatt.
Maier took the helm as chairman in November 2015, coming from Porsche. The carmaker has reported report income and income since and he has overseen a large rollout of latest fashions beneath the Skoda model, together with a number of SUVs.
The change at Skoda comes amid a broader administration reshuffle on the VW Group.
Volkswagen earlier this week introduced that its vehicles chief Andreas Renschler would retire and stated in June that Chief Government Herbert Diess would hand duty for managing the VW model to Ralf Brandstaetter.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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