It should be a “friendly” deal: Herbert Diess has stepped down as VW CEO. The successor will be Porsche boss Oliver Blume.
Herbert Diess resigns as CEO of Volkswagen. The company announced on Friday evening, surprisingly, that the 63-year-old had agreed to leave with the supervisory board on September 1. The successor will be Porsche boss Oliver Blume.
In the statement made in Wolfsburg, it was stated that the decision was “mutual”. “Dr. Oliver Blume will take over as CEO and Dr. Ing. hc will continue as CEO of F. Porsche AG,” the group said in a statement to financial markets. Said.
Volkswagen’s transformation is “significantly advanced”
At a meeting, investigators also decided that VW CFO Arno Antlitz would support former Porsche driver Blume in “day-to-day operations”.
Hans Dieter Pötsch, Chairman of the Supervisory Board, thanked Diess. “During his tenure as CEO of the Volkswagen brand and Group, he played a key role in furthering the company’s transformation.” Diess has significantly accelerated VW’s transformation into e-mobility. However, there have been a number of problems lately, especially as proprietary software and IT systems have become slow and increasingly expensive.
Workers at VW welcome Diess’ departure
The movement met with the approval of employee representatives. IG Metall boss and Volkswagen vice chairman of the supervisory board, Jörg Hofmann, said Volkswagen must do justice to its role as a social role model in addition to its role as a technological favourite. “Decisions made today enable us to keep pace and use the leadership we’ve been working on.”
Daniela Cavallo, head of the works council, explained that job security and profitability must remain equal corporate goals. “All colleagues need to be taken together. Today’s decisions contribute to that.”
Blume has long been seen as Diess’ possible successor. He was mentioned several times behind the scenes when a dispute escalated between the VW boss and his powerful works council over possible new austerity programs.
Blume also wants to continue to lead Porsche
Successor Blume also wants to continue his role as Porsche boss. The Porsche team can count on it, Blume said in the evening’s statement. This also applies after a possible public offering. “We have successfully positioned Porsche technologically, economically and culturally,” Blume said. He is very happy to manage Porsche AG and the Volkswagen Group together.
Source: ZDF
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