Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto giant

Herbert Diess, CEO of Volkswagen

Sean Gallup | Getty

Volkswagen CEO Herbert Diess will depart the firm at the finish of August, the firm mentioned Friday. Oliver Blume, presently the CEO of Volkswagen subsidiary Porsche, will succeed Diess as of Sept. 1.

The automaker did not present a purpose for Diess’ departure.

Diess joined Volkswagen from BMW in 2015, entering into the prime job in the wake of the Dieselgate scandal. He is credited with main the firm previous the scandal into a brand new period, driving huge investments in electrical autos with a purpose of promoting thousands and thousands of EVs per 12 months by mid-decade.

In a press release, Volkswagen chair Hans Dieter Potsch thanked Diess for taking part in a key position in advancing the transformation of the firm.

“Not only did he steer the company through extremely turbulent waters, but he also implemented a fundamentally new strategy,” Potsch mentioned.

His successor will be charged with retaining that transformation heading in the right direction. A profession Volkswagen govt, Blume held manufacturing roles at Audi, the Spanish auto model SEAT and at the VW model earlier than turning into Porsche’s manufacturing chief in 2013. He turned the sports activities automotive model’s CEO in 2015.

Blume will have assist as he transitions into the new position. Volkswagen mentioned that its chief monetary officer, Arno Antlitz, will tackle the extra title of chief working officer to “assist Blume with day-to-day operations.”

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