en:company:News & Events:Company:Carsten Isensee, SEAT’s new Executive Vice-President for Finance COM/EN

Carsten Isensee joins SEAT.

Carsten Isensee has been appointed new Executive Vice-President for Finance at SEAT, and will begin his duties as a member of the Executive Committee of the company on June 1st 2019. He is taking over from Holger Kintscher, who will be serving as head of Finance and IT at Volkswagen Commercial Vehicles from that date. Isensee has pursued his entire career in the Volkswagen Group and until now he was Executive Vice-President for Finance at Volkswagen Group China.

The executive joins SEAT with the aim of consolidating the company’s record profit and investment figures and strengthen its financial basis for future projects. In 2018, SEAT obtained the best results in its history, with a profit after tax of 294 million euros (+4.6% compared to 2017) and a turnover of 9.991 billion euros (+4.6%). Furthermore, last year the company allocated 1.223 billion euros (+27.1%) to investments and R&D expenditure, the highest figure ever in its history.

Carsten Isensee, 59, has a degree in Business Administration from the University of Wilhelmshaven (Germany). He joined the Volkswagen Group in 1987 and since then has held several positions in Volkswagen’s financial division both in the Group’s headquarters in Germany as well as in Slovakia, South Africa, Brazil and China. From 2014 until he joins SEAT, he has been Executive Vice-President for Finance at Volkswagen Group China. Throughout his career, he has represented the company towards the capital market and negotiations with shareholders, partners, public institutions, unions and government organisations. Furthermore, he has implemented various organisational restructuring programs and within China he was as well involved in building up smart mobility and digital services.

Isensee enters the Executive Committee as Executive Vice-President for Finance.

“We are very pleased to have an executive like Carsten Isensee, with such a broad financial and global track record, join us at SEAT. His international experience and extensive knowledge of the Group will certainly provide us with a fresh perspective in order to continue to build on the sound financial foundation established by Holger Kintscher”, pointed out SEAT’s President Luca de Meo.

Holger Kintscher, in turn, will be transferring to the Volkswagen Group’s commercial vehicle subsidiary after nearly 10 years in the SEAT Executive Committee. “Holger Kintscher has been a cornerstone in turning SEAT around in recent years”, explained de Meo. “We owe to Holger and his team big part of SEAT’s success. He didn’t only contribute to the turnaround but also worked to create the conditions to make it sustainable in the years to come”.