Volkswagen Group CEO Matthias Müller sacked, replaced by Herbert Diess
The Volkswagen Group has ousted CEO Matthias Müller and replaced him with Herbert Diess, who was previously the CEO of VW brand.
By autoX Editorial
The Volkswagen Group has ousted CEO Matthias Müller (pictured above) and replaced him with Herbert Diess, who was previously the CEO of VW brand. However, media reports suggest that despite his sacking, Müller will remain under contract to the company for rest of his current two-year term, in a deal that will net him £17.3 million.
Very recently, Volkswagen Group had issued a statement saying it was in the process of reviewing its senior management structure, and this change is a result of the same. Müller took charge as the company’s CEO in September 2015. Previously he served as the CEO of Porsche brand. His predecessor, Martin Winterkorn, resigned within days of the Dieselgate scandal being discovered.
New CEO Diess wasn’t working for the Volkswagen Group when the scandal came in to light - he was working with BMW at that point. Diess will also take charge of the group’s development and research, as well as vehicle information technology.
The carmaker is also planning to reorganise its brands into different vehicle groups under ‘volume’, ‘premium’, and ‘super premium’ categories. These categories will be headed by Diess, Audi boss Rupert Stadler and Porsche boss Oliver Blume, respectively. Also possible is the rumoured spin-off of the company’s truck and bus divisions - Man and Scania - but there is no confirmation on it as yet.
