POAHY Porsche Automobile Holding SE (PK)

By William Boston 

Volkswagen AG's supervisory board is expected to vote on Friday to replace Chief Executive Matthias Müller with Herbert Diess, a former BMW AG executive who now runs the Volkswagen brand, the German car maker's biggest business, according to a person familiar with the situation.

Mr. Müller, who formerly ran Volkswagen's sports-car marque, Porsche AG, became CEO of the company in September 2015 in the wake of the disclosure in the U.S. that Volkswagen had rigged millions of diesel-powered cars to cheat emissions tests.

Earlier Tuesday, Volkswagen said it was considering changes to its senior-management structure, including possible changes to Mr. Müller's position and responsibilities.

The move is a surprising turn of events for Mr. Müller, who was elevated to the top job with a mandate to clean up after the company's damaging diesel-emissions scandal. He has helped navigate the company through more than two years of legal and regulatory wrangling with governments around the world over its admission that the company installed software that helped its diesel cars appear to be emitting less harmful gases than they really were.

As part of Volkswagen's recovery, Mr. Müller pushed a radical move into electric cars. The strategy was opposed by many long-serving Volkswagen executives and engineers, but appeared to have the backing of the company's board of directors.

Volkswagen's shares were 4.8% higher Tuesday afternoon.

Write to William Boston at william.boston@wsj.com

(END) Dow Jones Newswires

April 10, 2018 09:34 ET (13:34 GMT)

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