Horst Meima becomes the new president and CEO of captive finance company VW Credit, based in Herndon, Va., effective Jan. 1, replacing Christian Dahlheim, who becomes chief sales officer and a member of the board of management for parent Volkswagen Financial Services AG in Germany.
Meima, 47, will oversee VW Credit Inc. which serves the Volkswagen, Audi and Ducati brands and their dealers. He will also be chairman of VW Credit Canada Inc.
With more than 20 years at VW Credit, Meima’s current position is executive vice president and chief financial officer. Past positions included president and CEO of the former Volkswagen Bank USA, vice president of sales and marketing, as well as president and CEO of VW Credit Canada.
Dahlheim, who is also 47, also takes his new position effective Jan. 1. He has been president and CEO of the U.S.-based captive since July 2014.
