Seat has appointed Patrick Andreas Mayer CFO of the brand, replacing David Powellwho will take up his eponymous position at Volkswagen from October 1. A change in the management of the car manufacturer that comes after the announcement of the application of new restructuring measures to comply with the cost reduction plan.
“In these times, the finance department is undoubtedly of great importance. As CFO of the Volkswagen brand, Patrik Mayer made a significant contribution to the structuring and successful launch of the performance plan. David Powels will build on this foundation. At the same time, in even more difficult conditions, she will focus on implementing competitive structures and cost optimization. This also means decisively taking advantage of synergies within the core brand group,” he explained. Thomas SchäferMember of the Executive Board of Volkswagen AG, Head of Group Core Brand and CEO of Volkswagen Passenger Cars.
For his part, Wayne GriffithsCEO of Seat and Cupra, said that “David’s contribution has been essential in the transformation of our company. “It has helped us achieve the best financial results in our history, also contributing to Seat’s return to financial sustainability, which is key to our growth.” “I would like to thank you for the support you have given me and the company. “I am confident that he will continue to do an excellent job by joining the Volkswagen brand executive committee and that we will continue to count on his continued support in implementing the strategy of the two brands,” he added.
“To continue on the path to sustainable profitability, it is essential to be able to count on experienced and qualified managers like Patrik Mayer. “We are very pleased to welcome Seat and Cupra,” concluded the director of the Martorell-based company.
Patrick Andreas Mayer
Patrick Andreas Mayer is originally from Heilbronn, Germany, where he was born in 1970. After graduating from high school in 1990, Mayer studied mechanical and industrial engineering at the Karlsruhe Institute of Technology (KIT), Coventry University and the École Nationale Supérieure d’Arts et Métiers in Paris.
He also holds an MBA from Henley Management College in the UK. He began his professional career at the Volkswagen Group in 1997 as an international trainee in Wolfsburg. Mayer became Head of Investment Controlling at Volkswagen Passenger Cars in 2001. He has held numerous management positions within the Group, including Head of Business Development, CFO at Volkswagen Navarra and Executive Vice President Finance and Technology at Volkswagen Group of. America in Chattanooga. In 2014, he took over responsibility for controlling at the Kassel component plant, before being appointed CFO of the Volkswagen Group Executive Committee Russia in 2016. On October 1, 2022, Patrik Andreas Mayer took over as CFO of the Volkswagen Group Russia Volkswagen Passenger Cars. brand.
David Powell
David Powell He graduated in Commerce from Nelson Mandela University in Port Elizabeth and is a Chartered Auditor in South Africa. He also completed a postgraduate management development program at the University of Cape Town. Powels began his career at Volkswagen South Africa in 1989. After working in Germany and Brazil, he was appointed CEO of Volkswagen Group South Africa in 2007. He subsequently served as President and CEO of VW Brazil and VW South America. Since the end of 2017, David Powels has been Senior Vice President and Executive Vice President Business at SAIC Volkswagen Automotive Co. in China. Since 1 September 2021, Powels has been Vice President Finance and IT at Seat SA.
