Volkswagen replaces CEO Mueller, announces new structure
FRANKFURT — Volkswagen replaced CEO Matthias Mueller with core brand head Herbert Diess on Thursday and said it is creating a new management structure to enable faster decision-making as autonomous and electric cars transform the industry.
The German automaker said in a statement that it would reorganize its management into six broad business areas plus China. It said the new structure would streamline decision-making in the individual operating units.
Diess, a former BMW executive, has had the difficult task of negotiating restructuring and cost-cutting with German worker representatives since becoming head of the Volkswagen brand in 2015.
Mueller, who formerly headed Porsche, took over as CEO unexpectedly in September 2015 when Martin Winterkorn resigned over the company’s scandal over cars rigged to cheat on emissions tests. He led the Wolfsburg-based company through the aftermath of the scandal and turned in record sales and strong profits in 2017. The company sold 10.74 million vehicles and made 11.6 billion euros ($14.3 billion) in profit.


