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Volkswagen Group appoints Porsche chairman Matthias Müller as its CEO

Team OD  /
28 Sep 2015 19:13:13 IST

Matthias Mller, current chairman of Porsche AG, is appointed as a CEO of Volkswagen AG withimmediate effect. This decision was taken at the supervisory board meeting in Wolfsburg on Friday.Matthias Mller will continue to be the chairman of Porsche AG until they find someone to take hisposition.

After the resignation of Martin Winterkorn, former Volkswagen CEO, who took the responsibility forthe emissions cheating scandal. According to the Environmental Protection Agency (EPA),Volkswagen admitted in cheating in the emissions test in US leading recall of 482000 cars includingAudi A3, Volkswagen Passat, Jetta, Beetle and Golf only in US. 11 million cars with the same defectare worldwide. This has damaged the reputation of Volkswagen a lot. Other changes areBernhard Maier (from Porsche will now head Skoda while Christian Klinger from VW has been suspended. Seat's new head is former Audisales and marketing headLuca de Meo.

Matthias Mller

Bernd Osterloh, chairman of the Group Works Council, commented: "When it comes to leadershipappointments the Volkswagen Group does not need hasty decisions. We know and value MatthiasMller for his determination and decisiveness. He does not work on his own; rather he is a teamplayer. That is what Volkswagen needs now."

Matthias Mller said: "My most urgent task is to win back trust for the Volkswagen Group - byleaving no stone unturned and with maximum transparency, as well as drawing the right conclusionsfrom the current situation. Under my leadership, Volkswagen will do everything it can to developand implement the most stringent compliance and governance standards in our industry. If wemanage to achieve that then the Volkswagen Group with its innovative strength, its strong brandsand above all its competent and highly motivated team has the opportunity to emerge from thiscrisis stronger than before."

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