Opel’s union has postponed vote for the new CEO

Article by Christian A., on April 6, 2011

The union vote on whether CEO-designate Karl-Friedrich Stracke should head Opel has been postponed to April 11, 2011, according to the report from Automobilwoche. Stracke was supposed to have started on the post by April 1. However, the labor union of Opel, the European subsidiary of General Motors Co., has expressed concerns over future power structure.

Employees are seeking GM’s assurances that the subsidiary will be autonomous from its mother company. Last January, Opel changed from being a private firm to a stock corporation.

Klaus Franz, the top labor leader of Opel as well as the vice chairman of the company’s supervisory board, told Automobilwoche, the sister publication of Automotive News Europe, that Stracke was the right person for the position of CEO but opposes to the change since Stracke’s power would be limited.

He also said that he is open to a counter proposal for the CEO position. He expressed fears that Opel’s mother company will produce a new financial holding above the subsidiary and will provide more authority to GM Europe President Nick Reilly.

As CEO of Opel, Reilly reported directly to the CEO of GM, Dan Akerson. Stracke, who has led the global vehicle engineering for GM for the past year and a half, will report to Reilly.

Topics: opel, ceo

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