VW wants to make a major change in company leadership. According to media reports, Herbert Dees will replace the current Chief Matthias Müller
It seems Volkswagen is facing a change of leadership. VW's current chief Matthias Müller will be replaced by Herbert Dees - at least that's what they say at Handelsblatt and Bloomberg today, April 10, 2018. Early afternoon, VW said only that he was considering "further developing the company's leadership structure." "The position of the chairman of the board of directors could also be attributed to them." Müller himself "has expressed his readiness to be involved in the changes." However, they do not give any more specific information.
According to VW internal people, the Dee decision would be formalized on Friday, April 13th. Then there will be the Supervisory Board, which will also discuss the restructuring of the group. The Porsche and Peach families have supported Müller's bid, which has been leading the company since September 2015, when the then CEO, Martin Winterkorn, had to resign because of the exhaust scandal. However, the contract for the 64-year-old Müller continues until 2020. The senior manager has been in VW for 40 years and has changed positions for that time. His career started as a trainee at Audi. After completing a degree in Informatics, the instructor-trained instructor returns to Audi, where as product manager under Wintercorn he turns A3 into a bestseller. When Wintercorn took control of VW in 2007, Mueller was named product strategist of the concern. Only three years later "company patriarch" Ferdinand Peach turned him into the new Porsche chief. It is not known exactly what causes the upcoming change in leadership. The news, however, raised VW shares by 5%.