Volkswagen And Porsche Will Have The Same CEO

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CC: ET Auto

Herbert Diess, the CEO of Volkswagen Group, will be stepping down from the CEO position. The current boss of Porsche, Oliver Blume, will take over this role. He will also continue to be the head of Porsche. This resignation is said to be the mutual decision between Diess and VW. This resignation will come into effect on September 1, and Oliver will continue. Herbert Diess served for four years in Volkswagen. Currently, VW is the second largest automaker.

VW has huge plans for its future. They are building on a huge electric division with multiple electric vehicles. VW has already announced the ID. Aero. Ahead of all the big EV launches, Herbert Diess has resigned. Herbert played a vital role as the CEO. He managed to shift the focus of the VW group towards electric vehicles. Read more about Herbert Diess and his resignation in this article.

Also Read: 2023 Volkswagen Golf R and GTI: Updated & Anniversary Edition

Who is Herbert Diess?

Herbert is the current CEO of Volkswagen group and the VW management board chairman. He was born on October 24, 1958, in Germany. Along with being the CEO of VW, he is a board member of Audi, Skoda, Porsche, and SEAT. In 2018, He was awarded as one of the Best CEOs in the world. He is the person who pushed the Volkswagen group to mass electric vehicle production. On Thursday, he was informed that he would no longer be serving the VW group as the CEO. The board members and the shareholders took this decision. Herbert was doing good in the company and wanted to make VW the largest electric vehicle producer.

Why is Herbert Diess leaving Volkswagen?

As mentioned above, Herbert will leave the VW group after serving more months. Looking at his ambitions for the VW group, it is unclear why he left the company.
According to sources, there was an insider rift between the CEO and the board members. This is the reason why Herbert had to resign. He will leave the company between the ongoing major projects and plans for the future of VW.

Also, the reports say the rift happened because of the slow development of core software for electric vehicles. Due to this, there was a delay in the production of the new electric vehicles.

Herbert Diess
CC: Bloomberg

Who will be the new CEO of the VW group?

Oliver Blume has been named as the new CEO of the Volkswagen group. He will be starting his term on September 1. Just after the end of the Diess period. Oliver is currently the manager and CEO of luxury sports car maker Porsche. He will also continue to serve Porsche as the boss. Oliver said he would focus on the customers, brands, and products. Blume has been a part of the Volkswagen group since 1994. He managed different positions in Porsche, VW, Audi, and Seat.

Oliver Blume
CC: Inside Hook

Also Read: Volkswagen ID Aero: Details, pricing, specification

The change of CEO between the biggest projects of the company and future expansion seems very suspicious about the management.


By Jayson O'Neil

Jayson is a car-o-holic, and you will often find him writing about cars & bikes here at DaxStreet. You can reach out to him at [email protected]

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