Lotus announced in a press recover Monday that Chief Executive Officer Jean-Marc Gales will step down and be transposed by Feng Qingfeng (Mr. Feng), Vice President and Chief Technical Officer of Geely Auto Group. This proclamation comes only one year after a China-based Zhejiang Geely Holding Group acquired Group Lotus.
Jean-Marc Gales says that he’s withdrawal for personal reasons, revelation Autocar that he wanted to change things up. Therefore, he will take a reigns of Suffolk-based classical automobile play JD Classics. Gales isn’t finished operative for Lotus, however, as he’ll offer as a arch vital confidant for Lotus Chairman and Geely Chief Financial Officer Daniel Donghui Li.
“Jean-Marc has stabilized and incited Lotus to profitability for a initial time in a iconic brand’s story with new industry-leading products and singular business models given fasten a association in 2014,” Donghui Li explained. “Lotus is staid for a subsequent proviso of enlargement underneath Feng Qingfeng’s leadership, where a imagination in lightweight materials and sports cars-engineering will form partial of a wider enlargement of Geely‘s automotive portfolio.”