Volkswagen Board has officially named 62 year old Matthias Mueller as the new CEO of Volkswagen Group. Mueller has been with the VW Group for his entire career, which started back in 1977 when he joined as an intern at Audi. In 2010, he was appointed as the CEO of Porsche AG, which is a subsidiary of VW Group, but also the owner of 50.7% stage in VW Group AG.
After being appointed as the new CEO of Volkswagen Group, Matthias Mueller has said that his immediate job is to win back the trust of their customers. He adds that the company will do everything in its power to bounce back from the current situation. In the meantime, the company will help authorities investigate the scandal with utmost transparency.
Mueller believes that the company has strong characteristics and their highly motivated team now has the opportunity to emerge from the crises stronger than before.
Apart from this, VW Board has also begun the process of suspending some employees and workers across the Group. They have also appointed new CEO for Volkswagen Passenger Cars. Dr. Herbert Diess will take that role.
The full statement of Matthias Mueller and the changes made by VW board can be read in the news release below.