Volkswagen Sacks CEO Matthias Muller CarBuzz News Features New Cars Used Cars Sell My Car Shopping Tools Car Reviews Car Finder Compare Cars Best Cars Car Dealerships Used Car Reviews Car Advice Home News Volkswagen Sacks CEO Matthias Muller

Volkswagen Sacks CEO Matthias Muller

Apr. 13, 2018 7:55 AM ET by Martin Bigg Industry News / 2 Comments It's official: Herbert Diess is the new CEO of Volkswagen. Reports emerged this week that Volkswagen is undergoing a major restructure in the aftermath of the infamous dieselgate scandal that would include the appointment of a new CEO to replace Matthias Muller, who joined the company in 2015 a week after the dieselgate scandal broke out. And now it's official: Volkswagen has confirmed Matthias Muller is stepping down as CEO and chairman of the company's Board of Management. Porsche The automaker says the decision was "mutual" and will be effective immediately. As expected, Muller's successor will be former BMW executive Dr. Herbert Diess, who will also keep his existing role as Volkswagen brand chief. "Matthias Müller has done outstanding work for the Volkswagen Group," Supervisory Board chairman Hans Dieter Pötsch said in a statement. "He assumed the chairmanship of the Board of Management in the fall of 2015 when the company faced the greatest challenge in its history." He added that Muller "fundamentally realigned the Group's strategy" and "initiated cultural change." He also "made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before. For that, he is due the thanks of the entire company." In addition to replacing Muller, VW is restructuring its car brands into three core groups: Volume, which will include VW, Skoda and Seat; Premium, which features Audi; and Super Premium, which includes Porsche, Bugatti, Lamborghini and Bentley. Another business area will be dedicated to China, while another will be be dedicated to its Truck & Bus division. Diess will be responsible for group research and development, while Porsche CEO Oliver Blume will oversee group production and will now belong to the Group's top governing body. Francisco Javier Garcia Sanz, head of Procurement, is also leaving the company. Volkswagen says this new structure "streamlines group management, systematically leverages synergies in the individual operating units and speeds up decision-making."

Join The Discussion

Show Comments (2)

Gallery

6 Photos Tags: #Volkswagen News #Industry News

Related Cars

Volkswagen Golf LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top