Stefan Jacoby to become CEO of Volkswagen
of America, Inc.
The Volkswagen Group Board of
Management has appointed Stefan Jacoby (49) as President
& CEO of Volkswagen of America, Inc. effective September
1, 2007. Jacoby will assume overall responsibility for
the Group’s automotive business in the USA. He succeeds
Frank Witter (48), who is moving to Volkswagen Credit,
Inc., where he will become Co-President, sharing the
post with the present incumbent Kevin Kelly (60).
Stefan Jacoby will restructure
automotive business in the USA in close coordination with the
Group Board of Management. The objective is to achieve further
significant expansion in the position of Volkswagen and Audi on
the US market through attractive and competitive products.
Jacoby, who holds a master’s degree in
business administration, has extensive experience with foreign
markets. Following a period in the USA and in the Commercial
Vehicles business line, he was Head of Controlling in Japan from
1990 to 1992, subsequently assuming responsibility for
Volkswagen export operations worldwide. He was responsible for
the Asia-Pacific Region from 1997 to 2001. He took up his
present position as Executive Vice President for global
Marketing and Sales, Volkswagen Group in 2004.