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HomeAutomobileVolkswagen CEO Diess steps down, changed by Porsche chief

Volkswagen CEO Diess steps down, changed by Porsche chief

CEO of the Volkswagen Group, Herbert Diess, has agreed to depart his submit “by mutual settlement” efficient September 1, 2022.

He can be changed by Oliver Blume, at the moment the CEO of the Porsche marque. In response to the automaker, Blume will proceed to be Porsche’s CEO even after taking up as Group CEO and “after a attainable IPO” for the luxurious sports activities automobile model.

As a part of the administration reshuffle, Arno Antlitz, the group’s chief monetary officer can even develop into the corporate’s chief working officer.

Rumours of pressure within the boardroom had swirled across the firm for some time, with stories indicating there was unrest about Diess’ EV technique and his model of administration. All appeared to resolved, although, when Diess had his contract prolonged to 2025.

Hans Dieter Pötsch, chairman of Volkswagen’s supervisory board, paid tribute to Diess stating “not solely did he steer the corporate via extraordinarily turbulent waters, however he additionally carried out a basically new technique”.

Diess joined the Wolfsburg-based automaker in 2015 as the top of its core Volkswagen passenger automobile model, and some months later the Dieselgate emissions dishonest scandal was revealed to the world.

As model and later group CEO Diess championed a pivot away from diesel engines to electrical autos. On the time solely Tesla and different startups have been absolutely dedicated to EVs.

Beneath his route, Volkswagen invested billions of euros to develop MEB, a mainstream EV structure, with devoted manufacturing services.

MEB at the moment serves as the idea for the Volkswagen ID.3, ID.4, ID.Buzz, in addition to Cupra Born, Skoda Enyaq iV, Audi This autumn e-tron, amongst others. It should even be utilised by Ford for not less than two Europe-focussed fashions beginning in 2023.

As legislative and public sentiment turned in direction of electrical vehicles, Audi and Porsche joined forces to develop PPE, a premium EV platform to deal with Tesla.

Diess started his working profession at Bosch earlier than being employed by BMW the place he rose from being head of long-term planning to be the corporate’s head of buying and, later, improvement. In between he ran the automobile maker’s UK factories and was a director of BMW Bikes.

However his successor Oliver Blume is a Volkswagen Group lifer. Lengthy seen as Diess’ eventual alternative, Blume began on the agency as a trainee at Audi in 1994 after finishing a mechanical engineering diploma. At Audi his focus was largely on the manufacturing facet.

He then frolicked working as a product planner on the Seat and Volkswagen manufacturers earlier than turning into the Porsche’s head of manufacturing in 2013, after which its CEO in 2015.



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