India’s leading luxury car
maker Mercedes-Benz has announced the appointment of Martin Schwenk as the new
Managing Director and CEO of its India operations effective from Nov 1, 2018.
Martin Schwenk will replace Roland Folger, who will assume a new position for
Mercedes-Benz’s Thailand & Vietnam markets.
In the last three years under
the leadership of Roland Folger, Mercedes-Benz India has witnessed significant
growth rates achieving the highest market share in the luxury car segment.
Martin Schwenk has an
Engineering degree from the University of Stuttgart and started his career at
Daimler in 1992, through the Mercedes-Benz Trainee Program. Afterwards, he has
taken various important positions in Finance and Controlling in several
locations, including Germany, South Africa, Austria and United States.
In September 2015, Martin
joined the Mercedes-Benz Sales Organization in China as the Chief Financial
Officer. With his professional insights and strategic direction, he played a
leading role on the progress of many critical projects and business processes, and
proved himself indispensable in safeguarding the sustainable success of MB
passenger car business in China.
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