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Volkswagen mulls replacing chief exec amid management shake-up

Volkswagen mulls replacing chief exec amid management shake-up

Volkswagen's boss Matthias Mueller could be set to depart after the German auto giant said it was mulling a reshuffe of its top ranks, with VW brand chief Herbet Diess tipped as his successor.

Today, Volkswagen Group announced it is considering personnel changes as part of a management revamp.is reporting the company is seeking to replace current VW Group CEO Matthias Mueller with Herbert Diess, current head of the Volkswagen brand.

Publicly-listed companies in Germany have two management structures: one consisting of the management board around the CEO and a supervisory board that is made up half-half of labor representatives and members of the capital side to ensure even distribution of interests.

FILE - In this March 14, 2017 file. CEO of the group - has showed his general willingness to contribute to the changes. The German state of Lower Saxony has 20 percent and Qatar Holding 17 percent.

VW said earlier Tuesday that it was considering a change in the CEO job.

Lashkar denies beheading claims, condemns killing of Hajin youth
Former chief minister and National Conference leader Omar Abdullah criticised the silence of spearatist leaders over the incident. Police said that Ahmad was decapitated by the Lashkar-e-Taiba, a Pakistan-based terrorist group.


Winterkorn gave him the task of slashing 5 billion euros ($6 billion) a year in costs at the brand within two years, which resulted in clashes with Volkswagen's powerful labor bosses who said he was using the emissions scandal as a pretext to push through job cuts.

In a statement, Volkswagen said it was considering "a further development of the management structure of the group", which could "include a change in the position of the chairman of the board of management". But he also faced skepticism about whether he was a credible change agent since he started working for Volkswagen in 1978.

Volkswagen delivered over 1.5mn vehicles to customers in its first quarter of 2018, breaking the company's record. The carmaker also managed to fend off Toyota to retain its status as the world's largest automaker. Diess joined VW from southern-German rival BMW AG in mid 2015 just before the scandal erupted publicly. But when Winterkorn fell, he had only been with the company for less than three months.

Volkswagen has also put huge emphasis on China, branding the market "decisive" for its future success.


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