Volkswagen CEO Matthias Muller to stand down from helm on Friday

Volkswagen CEO Matthias Müller to depart company 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 by Autocar, however, a spokesman couldn’t confirm whether that included the removal of Müller from the group’s lead position.

Autocar understands that 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.

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Source:: Autocar