VW to swap out brand CFO with Seat counterpart, magazine reports
BERLIN, Sept 9 (Reuters) -The finance chief of Volkswagen's VOWG_p.DE core brand, Patrik Andreas Mayer, is to swap roles with his counterpart at the automaker's Seat subsidiary in Spain, Germany's Manager Magazin reported on Monday citing sources familiar with the matter.
Mayer, who has served as CFO at VW since October 2022, will be replaced by Seat finance chief David Powels at Volkswagen's headquarters in the German city of Wolfsburg, the report said.
Powels has held the role at Seat since September 2021.
Neither Volkswagen brand nor Seat were immediately available for comment on the report, which comes as the German car giant embarks on thorny talks to cut costs with possible plant closures as it battles with rising competition from China and elsewhere.
Reporting by Victoria Waldersee, Writing by Rachel More, Editing by Miranda Murray
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