VW Group may replace CEO Matthias Muller

    VW says change in management structure may include "change in position of the chairman of the Board of Management"; Muller could be replaced by brand boss Herbert Diess.

    Published On Apr 10, 2018 08:30:00 PM

    11,284 Views

    VW Group may replace CEO Matthias Muller

    Matthias Müller looks set to stand down as Volkswagen CEO this Friday, April 13, 2018, in what is being described as an “development of the management structure".

    Reports in German media suggest Müller, who has been at the helm of the Volkswagen Group since the emission scandal was revealed in September 2015, will be succeeded by Herbert Diess, CEO of the Volkswagen Passenger Cars brand.

    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 by our sister publication Autocar UK, however, a spokesman couldn’t confirm whether that included the removal of Müller from the group’s lead position.

    Autocar UK understands that Müller's 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 percent of the Volkswagen Group, while the latter is the chairman of the Supervisory Board.

    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.

    Copyright (c) Autocar UK. All rights reserved.

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