Horst Meima Named President and CEO Of VW Credit

HERNDON, VA -- November 30, 2015: Volkswagen Group of America, Inc., today announced that Horst Meima, 47, has been named President and CEO of VW Credit, Inc. (VCI), effective January 1, 2016.

In this role, Meima will oversee all functions of VW Credit, Inc., the captive finance company which services Volkswagen, Audi and Ducati customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit and Audi Financial Services. He will also serve as Chairman of the Board for VW Credit Canada, Inc.

Most recently, Meima served as Executive Vice President and Chief Financial Officer of VCI and brings with him more than 20 years of experience within the company, including the roles of President and CEO of former Volkswagen Bank USA, Vice President of Sales and Marketing and President and CEO of VW Credit Canada, Inc.

Meima holds an MBA degree from the UCLA (University of California, Los Angeles) Anderson School of Management, and a bachelor’s degree in economics from Colorado State University.

Meima succeeds Dr. Christian Dahlheim, who will take on the role of Board Member for Sales and Marketing of Volkswagen Financial Services AG, in Braunschweig, Germany, effective January 1, 2016.