Publicado: Mier, Abril 11, 2018
Financiera | Por Marilu Caballero

Volkswagen CEO could be out in shock management shakeup

Volkswagen CEO could be out in shock management shakeup

The company said Tuesday it "believes a further evolution of the control structure of the band" which "this may have a big change at the job of this chairman of this board of management", the German term to CEO. The automaker, almost three years later, is still struggling to put the scandal behind it. Mueller's contract ends in 2020.

Volkswagen is considering a management shakeup that could mean replacing its current CEO Matthias Mueller.

The German business publication believes theMueller's ouster is being engineered by the company's major shareholders, including the Porsche and Piech families, the German state of Lower Saxony, and Qatar, who are all keen for a reboot after the Dieselgate affair.

The management revamp comes after the company posted record profit past year.

"In the end, it's about concrete measures", Weil, who is also a member of Volkswagen's supervisory board, said today at the Future Mobility Summit in Berlin. Mueller took over at VW in September 2015, a week after news of company's diesel emissions scandal broke.

But the persistent tug of war between its controlling families, unions and other stakeholders have made it hard to drive through structural changes that investors have said are key to the company fulfilling its potential.

"Mr Matthias Müller showed his general willingness to contribute to the changes", the statement added.

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Mueller's possible replacement will likely face similar challenges to get Volkswagen's stakeholders to unite.

Mueller, a former chief executive of VW subsidiary Porsche, was brought in to replace Martin Winterkorn and is contracted to serve until 2020.

Diess, 59, has focused his reforms at the VW brand on procurement and process management to bring its cost structure and efficiency closer to that of rival Toyota, but stopped short of making sweeping job cuts. A timeline as to how soon Diess could replace Mueller is unknown.

Mr Diess, 59, has been prepared for the role after being headhunted from BMW in 2015 less than three months before the revelation that VW had fitted 11 million diesel cars worldwide with "defeat device" software created to cheat official emissions tests.

A Volkswagen spokesman declined to comment.

The news emerged at the same time as speculation surrounding the company's executive leadership, with Volkswagen admitting that it's considering changes at the top in a short statement released on Tuesday.

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