Investing.com -- Spiros Fotinos, the former Lexus executive who joined Chinese automaker Zeekr in September 2022, has left the company. Fotinos, who served as vice president before being promoted to CEO in January 2023, departed earlier this month after spending two years in the role. This information comes from Fotinos's LinkedIn profile.
However, Electric Vehicles magazine reported on Wednesday that Fotinos was compelled to leave his position as CEO of the European region in the second quarter of 2024. The reasons for his dismissal were attributed to weak sales, delays in expanding the market, and a shift in the business model from direct-to-consumer (D2C) to a retail approach.
During the second half of 2024, Zeekr's European commercial team, which was under Fotinos's leadership, experienced a reduction in staff numbers. The company has yet to announce a successor officially. However, EV discovered that the former chief commercial officer, Lothar Schubert, was named as the new EU Chief.
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