Volkswagen Expected to Replace CEO Matthias Mueller This Week -- Update
10 Aprile 2018 - 3:49PM
Dow Jones News
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)
Copyright (c) 2018 Dow Jones & Company, Inc.
Grafico Azioni Porsche Automobile (PK) (USOTC:POAHY)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Porsche Automobile (PK) (USOTC:POAHY)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Porsche Automobile Holding SE (PK) (OTCMarkets): 0 articoli recenti
Più Porsche Automobile Holding Se (PC) Articoli Notizie