Volkswagen names new chief executive in boardroom revamp

Volkswagen names new chief executive in boardroom revamp

The change doesn't come as much of a surprise, because the VW Group issued a statement on Tuesday saying it was in the process of reviewing its senior management structure, which it explicitly said could result in personnel changes.

The 64-year-old Mr Mueller will be replaced before Volkswagen's annual general meeting on May 3, the Bild newspaper said yesterday.

Without citing its sources, Spiegel said Karlheinz Blessing, who was appointed management board member with responsibility for human resources on January 1, 2016, would be replaced by Gunnar Kilian, secretary general of VW's works council. The scandal has cost the company over $30 billion.

At recent public events, the CEO has appeared strained and prickly, a contrast to his previous persona as the easygoing boss of the Porsche vehicle brand - the job he held before being tapped for CEO in the chaotic days following the cheating revelations in September 2015. The company sold a record 10.74 million vehicles, making it the world's largest carmaker, though the title is disputed by the Renault-Nissan-Mitsubishi alliance, which sold 10.6 million and says Volkswagen is counting trucks that aren't cars. Amid opposition from labor leaders, Mueller failed to sell motorbike maker Ducati a year ago. "Unions and Lower Saxony together have the power to block his appointment".

Volkswagen's supervisory board has ousted CEO Matthia Müller.

PCA officials said they received more than 1,000 public comments in recent months on how to spend Minnesota's share of the massive fines the German automaker had to pay after being caught cheating on air emissions controls on diesel cars.

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Mueller's contract as CEO at Volkswagen had been expected to run through the end of 2019, so a change now would represent a substantial reduction in his tenure at the head of the firm.

Mueller had "signalled he was open to play a part in the changes" in conversations with supervisory board chief Hans Dieter Poetsch, the company said.

Purchasing chief Francisco Javier Garcia Sanz, the longest-serving top executive at VW, will leave the company, the carmaker said.

The state already has experience retrofitting dirty diesel engines through Project Green Fleet, but the VW settlement funds will have a much bigger impact, said Bill Droessler, who leads the Clean Air Minnesota program through the Environmental Initiative.

Mr Diess will likely face similar challenges to get Volkswagen's stakeholders to unite. "The agency solicited input statewide for more than a year".

Mueller, a former chief executive of sportscar-building VW subsidiary Porsche AG, was brought in to replace Martin Winterkorn in 2015 and was contracted to serve until 2020.

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