Volkswagen Group has removed Matthias Müller and replaced him with Herbert Diess as Chief Executive Officer. Previously CEO of the Volkswagen brand within the larger 12-brand corporation.
According to the company, the move is part of an effort to reorganize the company to do business more efficiently.
Under the arrangement, VW Group will be reorganized into six business areas and the China region, which is VW Group’s largest market. Its brands will be split into vehicle groups for Volume, Premium, and Super Premium nameplates.
“The Volkswagen Group’s goal is and remains to align the Company and its brands with future needs, to safeguard its position among the leaders of the international automotive industry with innovativeness and profitability, and to be instrumental in shaping tomorrow’s personal mobility with the strength of our Group brands,” said Chairman of the Supervisory Board, Hans Dieter Pötsch.
