Board rebuilding at VW: five sets of droughts, lots of questions

Volkswagen confuses with a concise message: It could be 34; changes in the Board 34; Apparently, CEO Müller is before the detachment. Why right now?

Board rebuilding at VW: five sets of droughts, lots of questions
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  • Page 1 — five sets of droughts, lots of questions
  • Page 2 — speculation about division of Truck Division
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    Seldom has a Börsenpflichtmitteilungfür so much confusion. The Volkswagen Agam Tuesday sent five drought sentences under heading "MöglicheWeiterentwicklung of management structure in Volkswagen Group and Möglichepersonelle changes in management Board". The short message raises more questions than it answers.

    It is clear: Volkswagen is considering restructuring management structure of group, "which would also entail changes in management board and with changes in DenRessortzuständigkeiten on board of Management". Furr it says: "This could also be a change in office of Vorstandsvorsitzendengehören."

    The "could" is supposedly already a "will": Wiemehrere media reports, should be replaced by CEO Matthias Müller, SeinNachfolger should be Herbert ses. This currently leads group to Volkswagen brand. The decision could become official on Friday, insiders are quoted. On or hand, group's ad-hoc communication states that it is currently open wher plans "will lead to personnel changes in management board of Volkswagen Stock Corporation". The possible personalities of this Wollteein VW spokesman do not comment.

    Economically successful

    But why should man be exchanged at top right now? Experts such as Ferdinand Dudenhöffer, professor of automotive industry at University of Duisburg-Essen, express a positive opinion about Müller. "He did a good job as chairman of board," said Dudenhöffer time online. He was surprised by VW communication.

    In fact, VW Group has a very good economic position: for 2017 Müller was able to announce a record balance with a profit of 11.4 billion euros. The owners families Porsche and Piëchhatten n Porsche boss at end of September 2015 as VW-Vorstandsvorsitzendeninstalliert, after exhaust gas was blown up in VW diesel cars and subsequently receded VorstandschefMartin winter grain.

    Of course, still again gave criticism to Müller, for example when in December 2017 he spoke openly for EineAbschaffung of tax diesel privilege. Lastly, NiedersachsensMinisterpräsident Stephan Weil (SPD) criticized – due to participation of DesBundeslandes to VW member of supervisory board – Müller, after this mirror defended its annual salary increased by fast40 per cent compared to 2016 and Disputed limitation VonManagergehältern with regulation "in form of GDR" had compared.

    Müller did not always make a good figure in DerAufarbeitung exhaust fraud affair. For example, in early 2016, when he gave a wayward radio interview in United States. But all in all, re was little to be said about Müller's reworking of this scandal in group.

    Date Of Update: 11 April 2018, 12:03
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