Herbert dies is new chief executive officer of Volkswagen Group. The supervisory board had appointed 59-year-old VW brand leader to top of world's largest car company with more than 600,000 employees, shared Volkswagen. The previous CEO Matthias Müller, with immediate effect as chairman of board, shared with VW.

The supervisory board also decided to restructure group. The twelve vehicle brands are grouped into three brand groups; In future, re will be six business areas as well as China region. The Commercial vehicle division is prepared for a public offering by converting it into a public limited company.

The new division will make group leaner, better use synergies and decide faster, said supervisory board chairman Hans Dieter Pötsch after a meeting of Control Panel. Volkswagen is thus also following demand of investors who have been complaining for a long time that group could better use its forces.

The change of head at Volkswagen had come as a surprise for many in group. According to insiders, workers ' side, for example works council, was not involved, when on Tuesday group published a concise report stating that re would be "changes in board of Management". "Nobody knew what. This is bright madness of what is going on re, "said a group employee of Reuters agency.

The owners families Porsche and Piëch had this ' predecessor Müller, n Porsche boss, installed at end of September 2015 as VW CEO, after exhaust gas was blown up in VW diesel cars and subsequently CEO Martin Winter Korn Had resigned.

Date Of Update: 13 April 2018, 12:04