Volkswagen CEO Herbert Diess to Continue in Role With Fewer Responsibilities
10 December 2021 - 1:23AM
Dow Jones News
By Kim Richters
Volkswagen AG said Thursday that Chief Executive Officer Herbert
Diess will continue to lead the car maker but will give up part of
the responsibilities amid clashes with labor representatives.
Ralf Brandstaetter, who is VW's brand operations chief, will
take over responsibilities for the auto maker's China business from
Aug. 1 and the new Volkswagen Passenger Cars division from Jan.
1.
"With the resolutions adopted today, we are putting the Group
Board of Management on an even broader footing," said Hans Dieter
Poetsch, chairman of the supervisory board.
Mr. Diess, whose contract as CEO was extended this summer until
2025, has been under fire for weeks, clashing with labor
representatives over the pace of the company's transformation to an
electric-vehicle maker, and a potential departure had been
speculated.
Volkswagen also changed other parts of its group management
board.
Hauke Stars is taking on the newly created IT and organisation
functions from Feb. 1, while Hildegard Wortmann will become board
member for sales from the same day.
Manfred Doess will be in charge of legal and compliance matters,
replacing Hiltrud Werner, who is leaving the company, also from
Feb. 1.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
December 09, 2021 09:08 ET (14:08 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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