VW's new chief to outline vision after dieselgate

VW's new chief to outline vision after dieselgate

Herbert Diess, right, new CEO of Volkswagen, and Hans Dieter Poetsch, left, chairman of the board of directors of the Volkswagen stock company, address the media during a press conference in Wolfsburg, Germany, Friday, April 13, 2018.

He takes over the company as a new super manager, running both the group as a whole, with its 640,000 staff worldwide, and the flagship Volkswagen brand as well as the research and development and vehicle IT divisions.

Muller was named CEO in 2015 after overseeing VW's Porsche brand, and has somehow led the automaker to record sales and profits as it dealt with an emissions scandal.

Diess, a former BMW executive, has had the hard task of negotiating restructuring and cost-cutting with German worker representatives since becoming head of the Volkswagen brand in 2015.

Volkswagen has officially replaced CEO Matthias Muller with its VW brand head Herbert Diess as the automaker implements a new management structure to keep up with the "highly dynamic change" in the industry.

The company will divide itself into six new business areas as part of an effort to decentralize responsibility and improve efficiency. The scandal has cost the company over $30 billion.

Conventional carmakers such as Volkswagen are racing with industry outsiders such as Waymo and Uber to dominate new ways of getting around, such as autonomous taxis and car-sharing services in which people use vehicles only when they need them instead of owning.

Under the new structure, the auto brands will be separated into three core divisions: volume which will include VW, Skoda and Seat; premium which features Audi; and super premium which includes Porsche Bugatti, Lamborghini and Bentley. Volkswagen's truck division is also set to go public in early 2019 and has recently entered into a partnership with Toyota's truck maker, Hino, to create economies of scale throughout its business.

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

This was not the only shift in the Volkswagen: Porsche CEO Oliver bloom joined the Board of governors of the concern and the head of Audi, Rupert Stadler will now be responsible for global sales group.

The management shakeup included appointing an employee representative, Gunnar Kilian, as chief human resources manager. The former two come from the families that control more than 52% of the Volkswagen Group, while the latter is its chairman.

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