Ingolstadt, Germany – Audi has named Axel Strotbek as its new Chief Financial Officer, effective September 1st. He takes over from Audi CEO Rupert Stadler, who has been acting CFO since taking charge of the luxury brand in January.

Strotbek studied in Sweden and earned a masters in business administration in the US before joining Volkswagen in 1991. He has served as Executive Vice President of Finance for VW China operations since September 2004.