Dr. Stephan Wöllenstein, CEO of the Volkswagen brand in China, has been appointed to the Board of Management of the Volkswagen Passenger Cars brand effective February 1, 2019.
Dr. Stephan Wöllenstein (55) holds a doctorate in business administration and has been with the Group for 23 years. He joined the Volkswagen brand in 1995, holding various management posts in Sales and Marketing. He became Deputy Executive Director of SAIC Volkswagen in Shanghai in 2004, and held responsibility for the Group’s Product Line Small at Volkswagen in Wolfsburg from 2007. He moved to FAW-VW in Changchun in 2012 as Executive Vice President and Managing Director of the Volkswagen brand. As CEO of the Volkswagen brand in Beijing, he has managed business in China since 2016.
Dr. Herbert Diess, CEO of the Volkswagen Group, said: “Dr. Stephan Wöllenstein has many years of experience in China and successfully developed the Volkswagen brand’s business in China in his former function. Going forward, he will play a key role in representing the interests of our company’s most important single market on the Volkswagen brand Board of Management in his capacity as CEO of Volkswagen Group China.”
In addition to his responsibilities as a member of the brand Board of Management and CEO of the brand in China, Wöllenstein also took charge of the Volkswagen Group’s operating business in China as CEO of Volkswagen (China) Investment Co., Ltd. effective January 1, 2019.