Change in PowerCo’s Executive Board
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Alexander Schmitt has been appointed as the new Chief Procurement Officer and Executive Board member of Volkswagen's battery subsidiary, PowerCo, effective November 18. He replaces Jörg Teichmann, who will assume a new role within the Volkswagen Group. Schmitt, with extensive experience in the raw materials sector, will oversee procurement and supplier management at PowerCo. Teichmann, who helped establish PowerCo's procurement department, will continue with Volkswagen in a yet-to-be-announced position.
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