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Finance chief at ailing Opel resigns

THE chief financial officer of German car manufacturer Opel, Marco Molinari, has quit “to pursue other interests”.

Opel said a successor will be announced in due course.

The news came a day after Fritz Henderson, the chief executive of Opel’s parent company General Motors (GM), resigned.

Molinari, 45, an Austrian, has been Opel’s financial officer since 2005.

He joined GM in 1991 as a senior financial analyst at the GM treasurer’s office in New York and has held several leadership positions within GM and Opel.

Managing Director Hans Demant said: “Marco Molinari has done a great job for our company and has proven his financial expertise.”