Audi of America Gets Christian Schroth as CFO
Christian Schroth will be appointed as the new Chief Financial Officer (CFO) at Audi of America, effective Sept. 1. Schroth will replace Oliver Stein, who was serving as the CFO in America and now gets ready to return to Germany to fill the same role at Audi’s high-performance subsidiary, quattro GmbH. Schroth — a 39 year old takes charge as the new CFO after working three years in South Korea where he was Audi Korea’s executive director of finance and administration while Stein, 44 completes his rotation at Audi of America. An Audi spokesman said that Audi executives serve three-year posts in different parts of the company. Both the executives had done a great job and put their maximum effort to bring good business.
Oliver Stein, who is all set to serve as CFO for Quattro GmbH joined Audi of America in February 2009. Quattro GmbH is a firm which produces cars and components for Audi’s high-performance S and RS lines. Brad Stertz, an Audi spokesman said that Stein’s departure is not linked to Johan de Nysschen — ex- Audi of America president, who resigned from the post earlier this month. De Nysschen resigned from Audi to join Nissan Motor Co. as the head of luxury Infiniti division. He served Audi for around 19 years.
The automaker plans to boost U.S. sales to 200,000 units annually by 2018 and hence the shuffling of posts has its own significance. In 2011, Audi reported sales of 117,561 units, which is its second record-sales year in a row. The U.S. sales have advanced 15 percent to 52,494 in May.