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Mercedes-Benz India appoints Martin Schwenk as new MD and CEO

Martin Schwenk will replace Roland Folger, who will assume a new position at Mercedes-Benz?s Thail

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MUMBAI: Mercedes- Benz has appointed Martin Schwenk as the new managing director and chief executive officer for Mercedes-Benz India. Schwenk, who is currently the chief financial officer of Beijing Mercedes-Benz Sales Service Co Ltd in China, will take over from Roland Folger from 1 November. Folger will be taking over the role of managing director, sales and marketing, Thailand and Vietnam, and will also be the CEO of Mercedes-Benz Thailand.

On his appointment, Schwenk said, ?Having worked across in different countries and functions, I am extremely excited for my forthcoming responsibility to head the dynamic India market. India?s rich cultural diversity, the young population, the diverse customs, different languages and topography together with its importance as a future economic powerhouse; makes it a compelling market to grow the business. It is a privileged opportunity for me to head the business of the most iconic and successful luxury motoring brand, in one of the most vibrant markets in the region. With my experience across various business divisions, I am looking forward to pursuing the ?Indian story? further and make the foundation of Mercedes-Benz even stronger in India. We have a fantastic winning team comprising our people and investors with proven records, and I am eager to be part of this winning team,? as quoted by Financial Express.

The new MD has been working with this company for more than 12 years. Schwenk joined Mercedes- Benz in April 2006 as the head of finance and controlling East London Plant. Schwenk began his career at Daimler in 1992, through the Mercedes-Benz Trainee Programme, has an engineering degree from the University of Stuttgart. 

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