Volkswagen Group Appoints Matthias Müller As CEO

Volkswagen Group Appoints Matthias Müller As CEO

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Volkswagen AG has appointed Matthias Müller as the CEO of the company, effective 25 September, 2015, after the decision by its Supervisory Board. Müller is currently Chairman of Porsche AG in Stuttgart, and will continue in that function as well, until a successor has been identified. He succeeds Prof Dr Martin Winterkorn, who resigned from his position in the company following the scandal surrounding the emissions of its diesel cars. The company is also said to be speedily working on a solution to address the emissions issue of Volkswagen Group vehicles.
Müller holds a master's degree in computer science, and began his career with AUDI AG in Ingolstadt in 1978, before which he did an apprenticeship as a toolmaker with the company. He became Head of the Systems Analysis Division in 1984 and Head of Project Management for the Audi A3 in 1993. He took over for Product Management at Audi AG, SEAT and Lamborghini in 1995. He has been Chairman of the Executive Board of Dr. Ing. h.c. F. Porsche AG and a member of the Executive Board of Porsche Automobil Holding SE since 2010. Müller was also appointed member of the Board of Management, Volkswagen AG in March, 2015.
Berthold Huber, Interim Chairman, Supervisory Board, Volkswagen AG, said Müller is a person of strategic, entrepreneurial and social competence, and knows the Group well to immediately engage in his new task. He added that the Board expressly values his critical and constructive approach.
Müller said his most urgent task is to win back trust for the Volkswagen Group, with maximum transparency, as well as drawing the right conclusions from the current situation. He added that Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in the industry, under his leadership. If the company manages to achieve this goal, then the Volkswagen Group has the opportunity to emerge from this crisis stronger than before, Müller noted.
The company noted that internal evaluation revealed that about five million Volkswagen Passenger Cars brand vehicles are affected worldwide by issues relating to emissions. It said that all vehicles fulfilling EU6 norm valid throughout Europe are not affected.
Dr Herbert Diess, CEO, Volkswagen Passenger Cars brand, said the company is working on a technical solution that it will present to partners, customers and the public as soon as possible. Volkswagen is also claimed to be working on remedial measures in close coordination with the certification authorities, and stressed that its vehicles remain technically safe and roadworthy.
Author: Auto Tech Review