Volkswagen CEO Matthias Muller to stand down from helm on Friday
German brand said it is considering “evolving the leadership structure”; Volkswagen brand boss Herbert Diess could take the lead
Matthias Müller looks set to stand down as Volkswagen CEO this Friday in what is being described as an “evolution of the leadership structure".
Reports in German media suggest Müller, who has been at the helm of the Volkswagen Group since the Dieselgate scandal began in September 2015, will be succeeded by Volkswagen brand chief Herbert Diess.
Volkswagen issued a statement confirming that it's considering management changes that “would also be associated with personnel changes in the board of management”. When contacted, a spokesman couldn’t confirm whether that included the removal of Müller from the group’s lead position. "We do not comment on media speculation," they said.
The Müller departure comes as part of plans thought up by Wolfgang Porsche, Hans Michel Piëch and Hans Dieter Pötsch. The former two come from the families that control more than 52% of the Volkswagen Group, while the latter is its chairman.
Müller’s departure would also leave a vacant space on the board of Porsche, where he also has a seat.
Müller has led the Volkswagen Group through one of its toughest periods as it faced fire for its emissions cheating scandal. He inherited the top role from Martin Winterkorn, who resigned when the scandal broke.
Also Read: VW Group to invest 34 billion euros in e-mobility, AD, digital networking
RELATED ARTICLES
Antolin unveils sustainable tech solutions at Beijing Motor Show
In line with its China market roadmap, Antolin is showcasing its latest advances in lighting, HMI, electronics, and sust...
Visteon wins $1.4 billion in new business in Q1 2024, launches 26 new products
Digitisation of vehicle cockpit megatrend is a key growth driver for Visteon with over $400 million of displays wins; Vi...
BMW uses Catena-X ecosystem using real-world CO2 data to enhance quality
Working together with partners and suppliers, the company has modelled a complete data chain for the first time using re...