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PowerCo Appoints Ralf Schmid as the New CEO of Sagunto's Gigafactory, the Third in Four Years

Summary by Merca2.es
PowerCo, the battery subsidiary of the Volkswagen group, has appointed Ralf Schmid as the new CEO of his gigafactory in Sagunto, the third director who takes office in just four years, at a key moment marked by delays in construction and a revision of the electrification calendar of the German giant. A relief with three names in four years The change takes place after the departure of Andreas Rottmann, who leaves the position for personal reason…
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PowerCo, the battery subsidiary of the Volkswagen group, has appointed Ralf Schmid as the new CEO of his gigafactory in Sagunto, the third director who takes office in just four years, at a key moment marked by delays in construction and a revision of the electrification calendar of the German giant. A relief with three names in four years The change takes place after the departure of Andreas Rottmann, who leaves the position for personal reason…

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Merca2.es broke the news on Saturday, July 25, 2026.
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