Volkswagen to Name Porsche's Matthias Müller as New CEO
24 Settembre 2015 - 6:05PM
Dow Jones News
By Hendrik Varnholt and Ilka Kopplin
FRANKFURT-- Volkswagen AG will name Matthias Müller, the current
chief executive of the group's premium car manufacturer Porsche AG,
as its new CEO, a person familiar with the matter said
Thursday.
Mr. Müller will replace Martin Winterkorn at the helm of the
embattled car maker. Mr. Winterkorn resigned Wednesday in the wake
of the company's admission that it cheated U.S. emissions
tests.
Members of Volkswagen's supervisory board said Wednesday,
shortly after Mr. Winterkorn resigned, that further personnel
decisions would be made after a full board meeting on Friday.
Mr. Winterkorn stepped down just days after the disclosure
Friday by the U.S. Environmental Protection Agency that Volkswagen
allegedly used software on some of its Volkswagen and Audi
diesel-powered cars that made them appear to run cleaner in tests
than they do on the road.
On Tuesday, Volkswagen said that as many as 11 million cars were
affected and possibly subject to a global recall. The company
issued a profit warning and announced it was taking a EUR6.5
billion ($7.27 billion) provision against earnings to cover the
costs of fixing the software.
Mr. Müller has overseen a period of rapid growth since becoming
CEO of Porsche in 2010, including the successful introduction of
two sport-utility vehicles. Close to the Porsche and Piëch families
that control VW, Mr. Müller would be seen as a well-qualified
compromise candidate acceptable to the unions and lower-level
management.
Write to Hendrik Varnholt at hendrik.varnholt@wsj.com
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(END) Dow Jones Newswires
September 24, 2015 11:50 ET (15:50 GMT)
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