Hans Demant’s move to Volkswagen was like a punch in the gut for Opel

Article by Christian A., on September 9, 2010

Hans Demant’s move to Volkswagen last month had been a shock to most people, especially his colleagues at Opel, General Motors Co.'s German subsidiary, where he served as CEO right before he jumped.

A source at Opel's Ruesselsheim headquarters said that the transfer took everyone by surprise and that the fact that it was to Volkswagen was the “amazing part.”

A senior union representative said that Demant had always said that he was “very tied to the brand emotionally" but his move to VW “easily wipes that away." Demant was with Opel for 38 years, mostly in product development.

From 2004 through late 2009, Demant held the top job at CEO before Nick Reilly replaced him. Last January, he became GM's head of intellectual-property rights.

Sources want to call attention to the fact that Demant has knowledge of Opel's product plans and its important patents.

Critics say that Opel should have been able to thwart Demant’s transfer to Opel's main competitor. Typically, senior executives have to wait months before they can move to a competitor.

For instance, Ex-GM Europe chief Carl-Peter Forster had to wait for several months before he could begin at India's Tata Group this year. In 2000, Forster moved from BMW to Opel but he waited almost a year before he could join the company.

Demant was subject to a similar noncompete clause but not after he left the CEO position. Demant will start coordinating international projects at VW Group on Oct. 1. [via autonews - sub. required]

Topics: vw, opel

If you liked the article, share on:

Comments

Recommended

Another day, another record. Is the new Dodge Challenger SRT Demon the fastest car to date? According to some sources, the Dodge Challenger SRT Demon had just beaten the Tesla...
by - April 24, 2017
Following in the footsteps of the McLaren 570S, 540C and 570GT is the newest addition to the McLaren Sports Series -- the roofless 570S Spider. McLaren 570S was rolled out...
by - April 24, 2017
The British automaker Lotus is noted for releasing low production, limited editions of its sports car lineage. Now the Hethel-based automobile manufacturer is back at it again with its latest...
by - April 24, 2017
Earlier this week, the revamped 2018 Mercedes-Benz S-Class was revealed ahead of the 2017 Shanghai Auto Show. As expected, Mercedes Benz’s flagship model is now offered in several variants including...
by - April 24, 2017
Well, this is clearly not good news for everyone. Ever since the new BMW M4 CS rolled out in Shanghai last week, several reports about its limited production have quickly...
by - April 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries