Tuesday, 24 April 2018
Latest news
Main » Meet Volkswagen group's CEO Herbert Diess

Meet Volkswagen group's CEO Herbert Diess

15 April 2018

Head of purchasing Francisco Javier Garcia Sanz is leaving at his own request and his post is to be filled on an acting basis by Volkswagen brand purchasing head Ralf Brandstaetter, the company said.

Volkswagen was set to replace chief executive Matthias Mueller yesterday, as it seeks to turn the page on the "dieselgate" emissions scandal that has dogged the company since 2015. "Diess is a man of action, he is the most plausible choice at VW to lead the group into the next phase of its transformation", said Nord LB analyst Frank Schwope, who has a buy rating on Volkswagen.

The promotion of Diess to the top job was widely expected after he helped reinvent the VW brand as a more profitable enterprise, though Mueller had been expected to serve for a longer period. Mueller, who formerly headed Porsche, took over as CEO unexpectedly in September 2015 when Martin Winterkorn resigned over the company's scandal over cars rigged to cheat on emissions tests.

Meet Volkswagen group's CEO Herbert Diess
Dr. Herbert Diess appointed as new Volkswagen CEO

"At its meeting on Thursday, the supervisory board appointed Herbert Diess as his successor". Diess will be responsible for Group development and research and will also take on additional Group management roles alongside heading the Vehicle IT.

Volkswagen's "super-premium" group is to include sports auto brands Porsche, Bentley, Bugatti and very likely, Lamborghini.

Volkswagen will streamline into a more compact structure, and it's keeping "all options open" as it reviews which businesses to keep, Chief Executive Officer Herbert Diess told reporters Friday at company headquarters in Wolfsburg.

Miloš Forman, director of 'Amadeus' and 'Cuckoo's Nest,' is dead at 86
It was nominated for, and won, multiple Oscars, including Best Picture. - 1958-62: Married to actress Jana Brejchova. Director Milos Forman, seen here at a 2011 screening of "One Flew Over The Cuckoo's Nest" in Bryant Park, has died. .

"The Volkswagen Group's goal is and remains to align the company and its brands with future needs, to safeguard its position among the leaders of the global automotive industry with innovativeness and profitability and to be instrumental in shaping tomorrow's personal mobility with the strength of our Group brands", said chairman of the Supervisory Board Hans Dieter Pötsch in the statement announcing the changes.

In the release, the German automaker said it would reorganize its management structure into six areas and china. The company sold a record 10.74 million vehicles, making it the world's largest carmaker, though the title is disputed by the Renault-Nissan-Mitsubishi alliance, which sold 10.6 million and says Volkswagen is counting trucks that aren't cars.

VW also announced that works council executive Gunnar Kilian would replace Karlheinz Blessing as human resources chief.

Blasts from airstrikes turn Damascus sky orange
President Trump ordered precision missile strikes Friday evening on Syria in retaliation for a suspected chemical attack . It's mostly about us - and mainly about the president's irritation that his "red line" has been ignored - not about them.

Oliver Blume, chairman of Porsche's board of management.

Having joined from BMW just a few months before the cheating became public knowledge, Diess has the advantage of being largely untainted by dieselgate - giving VW a chance at a fresh start.

Kyle Larson Fastest in 2nd Monster Energy Practice at Bristol
The track was resurfaced after that race and, from 2008 to 2011, nobody has been better at the concrete short track than Busch. Kyle Busch ran a 128.822 miles per hour around the half-mile oval to win his second pole of the season and 29th of his career.

Meet Volkswagen group's CEO Herbert Diess