Thursday 26 April 2018

Volkswagen names new chief executive in boardroom revamp

The carmaker said its new structure would help the company react quicker to a rapidly-evolving industry.

File photo of a Volkswagen badge (Gareth Fuller/PA)
File photo of a Volkswagen badge (Gareth Fuller/PA)

By Associated Press Reporter

Volkswagen is replacing chief executive Matthias Mueller along with several other top managers and announcing a new structure it said would enable faster decision-making as autonomous and electric cars transform the industry.

Replacing Mr Mueller is Herbert Diess, a former BMW executive who since 2015 has headed the core Volkswagen brand.

The company said in a statement that it would group all its brands and management functions into six broad business areas plus China.

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Volkswagen

The company also is replacing its heads of human resources and purchasing.

Porsche sports car division head Oliver Blume was promoted to the top management body of the entire group.

Mr Mueller, who formerly headed Porsche, took over as chief executive unexpectedly in September 2015 when Martin Winterkorn resigned over the company’s scandal over cars rigged to cheat on emissions tests.

Press Association

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