Volkswagen reportedly naming VW brand chief Herbert Diess as new CEO


By Reuters

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HAMBURG/BERLIN — Volkswagen’s supervisory board is set to name VW brand chief Herbert Diess as the group’s new chief executive, replacing Matthias Mueller, two people familiar with the matter said.

Volkswagen said earlier it could replace Mueller as part of a broader overhaul of its management structure to boost efficiency.

The move would come as something of a surprise, as the board last month authorized a 40 percent pay raise for Mueller based on the Volkswagen Group’s 2017 performance

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Volkswagen reportedly naming VW brand chief Herbert Diess as new CEO originally appeared on Autoblog on Tue, 10 Apr 2018 09:45:00 EDT. Please see our terms for use of feeds.

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