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Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto large

Herbert Diess, CEO of Volkswagen

Sean Gallup | Getty

Volkswagen CEO Herbert Diess will go away the corporate on the finish of August, the corporate mentioned Friday. Oliver Blume, presently the CEO of Volkswagen subsidiary Porsche, will succeed Diess as of September 1.

The automaker did not present a purpose for Diess’s departure.

Diess joined Volkswagen from BMW in 2015, entering into the highest job within the wake of the Dieselgate scandal. He’s credited with main the corporate previous the scandal into a brand new period, driving large investments in electrical autos with a aim of promoting thousands and thousands of EVs per yr by mid-decade.

In a press release, Volkswagen chairman Hans Dieter Potsch thanked Diess for taking part in a key position in advancing the transformation of the corporate.

“Not solely did he steer the corporate by way of extraordinarily turbulent waters, however he additionally applied a basically new technique,” Potsch mentioned.

His successor shall be charged with preserving that transformation on track. A profession Volkswagen government, Blume held manufacturing roles at Audi, the Spanish auto model SEAT and on the VW model earlier than turning into Porsche’s manufacturing chief in 2013. He turned the sports activities automotive model’s CEO in 2015.

Blume could have assist as he transitions into the brand new position. Volkswagen mentioned that its chief monetary officer, Arno Antlitz, will tackle the extra title of chief working officer to “help Blume with day-to-day operations.”

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