The Opel Group has appointed Katherine Worthen as its new managing director of purchasing and supply chain.
Worthen’s appointment follows the promotion of Susanna Webber, who leaves the post to take the reins as new president and managing director of GM Russia. In addition the firm has reduced production volumes at its St Petersburg (Russia) plant, and is set to offer packages to enable voluntary redundancies for employees.
New vehicle registrations in Russia declined 12.1 per cent in the first eight months of 2014. Opel is one of three GM brands in Russia, alongside Chevrolet and Cadillac. Their combined market share has dipped 1.2 per cent year-on-year for the eight-month period to August from nine per cent to 7.8 per cent.
Karl-Thomas Neumann, chairman of the management board of Opel Group, said: “While we believe in the long term potential of Russia, there is significant immediate pressure on sales volumes and pricing while the ruble is deteriorating further. Since this is impacting our Opel Group business results and will continue to for the remainder of the year, we are taking measures now to limit our risk and stay on course.”