Borgo Panigale, Bologna (Italy), 28 September 2018 – Oliver Stein (50) has been appointed as new Chief Financial Officer and Member of the Board of Management of Ducati Motor Holding from October 1st. In this role, Oliver Stein will be responsible for finance, controlling and Information Technology. Stein received his degree in Economics from the Ruprecht-Karls-University in Heidelberg and has held managerial roles in the Volkswagen Group for over 15 years. After starting his career with Arthur Andersen in the audit and transaction advisory division for almost six years, in 2003 he took over his first position at Audi as Managing Director for the own Retail operations. From 2006 to 2008, Stein has been Managing Director Finance at Seat Germany. As vice President and Chief Financial Officer of Audi of America since 2009, he has been responsible for finance and organization in one of the Group’s most important markets. In the same role, he was also responsible for Audi Canada and Automobili Lamborghini America. In 2012 he was appointed Head of Finance, Controlling, Organization and Strategy of Audi Sport GmbH (formerly quattro GmbH), Audi’s high performance car division for RS and R models, exclusive vehicle personalization and customer racing. During the last six years, Audi Sport has more than doubled its sales figures.
Given that VAG have openly said that they will sell Ducati if it can’t increase its sales and profit margin, do you think this is the first sign that the sale is imminent ? Why put an obviously successful Audi executive into that position if not unless of course he’s recently blotted his copy book Andy
If he’d blotted his copy book he’d no doubt, be out of the door. IMO he’ll have been appointed to boost the balance sheet for a sale of the company in the not to distant future.
