• Sign in to follow this  
    Followers 0

    Volkswagen Announces Matthias Müller As New CEO, Undergoes A Major Restructuring


    • Volkswagen Gets A New CEO


    After a meeting of Volkswagen's Supervisory Board today, Porsche CEO Matthias Müller has been named as the CEO of Volkswagen. Rumors of Müller's appointment have been swirling around for the past week.

     

    "My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation," said Müller in statement.

     

    Müller has a difficult task ahead of him as he'll need to right the ship at Volkswagen due to the ongoing crisis. He will also oversee a massive reorganization of the company. This begins with newly formed North American region structure which combines the USA, Mexico, and Canada. Heading up this structure will be the current chairman of Skoda, Winfried Vahland.

     

    Michael Horn, the President and CEO of Volkswagen Group of America will be sticking around, contrary to reports from yesterday.

     

    Source: Volkswagen, New York Times, Bloomberg

     

    Press Release is on Page 2


     

    MATTHIAS MÜLLER APPOINTED CEO OF THE VOLKSWAGEN GROUP

     

    Sep 25, 2015

    • Müller remains Chairman of Porsche AG until a successor has been found


    Matthias Müller (62) has been appointed CEO of Volkswagen AG with immediate effect. This was decided by the Supervisory Board at its meeting in Wolfsburg today (Friday). Müller is currently Chairman of Porsche AG in Stuttgart. He will continue in this function until a successor has been found.
    The interim Chairman of the Supervisory Board of Volkswagen AG, Berthold Huber, underscored: "Matthias Müller is a person of great strategic, entrepreneurial and social competence. He knows the Group and its brands well and can immediately engage in his new task with full energy. We expressly value his critical and constructive approach."

     


    Bernd Osterloh, Chairman of the Group Works Council, commented: "When it comes to leadership appointments the Volkswagen Group does not need hasty decisions. We know and value Matthias Müller for his determination and decisiveness. He does not work on his own, rather he is a team player. That is what Volkswagen needs now."
    Matthias Müller said: "My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation. Under my leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry. If we manage to achieve that then the Volkswagen Group with its innovative strength, its strong brands and above all its competent and highly motivated team has the opportunity to emerge from this crisis stronger than before."
    Matthias Müller was born in Chemnitz (Saxony) on June 9, 1953. He completed his high school education in Ingolstadt followed by an apprenticeship as a toolmaker with AUDI AG. He then studied computer science at Munich University of Applied Sciences. After obtaining his master's degree in computer science, Müller resumed his career with AUDI AG in Ingolstadt in 1978, becoming Head of the Systems Analysis Division in 1984 and Head of Project Management for the Audi A3 in 1993. He assumed responsibility for Product Management at Audi AG, SEAT and Lamborghini in 1995.
    Müller moved to Wolfsburg as Head of Product Management of the Volkswagen Group and the Volkswagen brand in 2007 and also became a General Representative of the Volkswagen Group. 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. In his function as Chairman of the Executive Board of Dr. Ing. h.c. F. Porsche AG, Müller was appointed member of the Board of Management of Volkswagen AG effective March 1, 2015.

     

    Matthias Müller's current contract as a Board member of Volkswagen AG will continue to apply in his new function as CEO. This contract runs until the end of February 2020. Matthias Müller succeeds Prof. Dr. Martin Winterkorn, who offered his resignation on Wednesday.

     

    THE VOLKSWAGEN GROUP IS RESTRUCTURING: SUPERVISORY BOARD PASSES RESOLUTIONS FOR NEW ORGANIZATION

     

    Sep 25, 2015

    • Brands and regions to be strengthened
    • Vahland moves from Škoda to the Volkswagen brand Board of Management
    • De Meo, Maier and Stackmann in new functions
    • Board Member for Sales Klingler leaves the Group
    • Contract with Board member for Procurement Garcia Sanz extended


    The Supervisory Board of Volkswagen AG approved a new management structure for the Group and the brands as well as for the North America region today (Friday) in Wolfsburg. The interim Chairman of the Supervisory Board, Berthold Huber, commented: "The new structure strengthens the brands and regions, gives the Group Board of Management the necessary leeway for strategy and steering within the company, and lays a focus on the targeted development of future-oriented fields."

     


    Details of major changes:

     

    Reorganization of the North America region / Successor Prof. Vahland
    The Supervisory Board decided on the reorganization of the Group's activities in North America. The markets in the USA, Mexico, and Canada will be combined and significantly strengthened to form a new North America region. Effective November 1, the Group's activities in the region will be led by Prof. Dr. Winfried Vahland (58), formerly Chairman of the Board of Directors at Škoda, who in this new role becomes a member of the Volkswagen brand Board of Management. Prof. Vahland's successor as Chairman of the Board of Directors at Škoda will be Bernhard Maier (55), until now Board Member for Sales and Marketing of Porsche AG. Michael Horn (52) remains President and CEO of Volkswagen Group of America.

     

    Porsche brand group with Bentley and Bugatti
    At Group level the management structure will be oriented even more systematically to the modular toolkits. These toolkits feature standardized technical components for each automotive vehicle segment (volume, premium, sport and commercial vehicles). Consequently, a Porsche brand group with Bentley and Bugatti will be established for the sportscar and mid-engine toolkit. The toolkit strategy will come under the even closer guidance of the Group CEO; a separate department will be set up for this purpose. The Audi brand group with Lamborghini and Ducati will be continued as will the Truck Holding, and the Power Engineering and Financial Services business lines. The volume brands Volkswagen (with principal responsibility for the modular transverse toolkit), SEAT, and Škoda will be represented by one member each in the Group Board of Management.

     

    New Group functions for efficiency and future-oriented fields
    Group functions will concentrate more closely on efficiency and future-oriented fields; organizational units, for example for Group product strategy, new business fields, cooperations and holdings, connected car activities, and CO2 steering, will therefore be set up. According to Huber, "new, strong Group functions, such as for standardization and harmonized production processes, will lay the timely foundations for efficient decision-making. We will become faster and more agile." Furthermore, a Chief Technology Officer will analyze and, if necessary, co-steer technical developments throughout the Group as mandated by the Group Board of Management.

     

    Upgrading of brands and regions
    At the same time, existing corporate bodies, structures and processes will be streamlined at Group level, in particular by strengthening the brands and regional accountability. To that end the Volkswagen brand will introduce a management structure with four regions, each led by a local CEO with a direct reporting line to the brand Chairman, Herbert Diess.

     

    Streamlining the Group Board of Management
    The production department at Group level, until now led by Thomas Ulbrich in an interim capacity, will be abolished with immediate effect. This is one consequence of delegating responsibility to the brands and regions. Berthold Huber commented: "Going forward, the brands and regions will also have greater independence with regard to production. So it follows that they should also hold the responsibility for these activities."

     

    The interim Supervisory Board Chairman emphasized that "one key point is that we are scaling back complexity in the Group. In recent weeks, we have already undertaken important steps such as separating Group and brand functions." He said the developments of the last few days had underscored the urgency of this project: "We will not lose any time. The new management model will be implemented at the beginning of 2016." This would bring the Board greater freedom to address urgent issues concerning Group strategy, development and steering.

     

    Further Board of Management changes
    The Supervisory Board extended the contract with Francisco Javier Garcia Sanz (58), Member of the Board of Management of Volkswagen Aktiengesellschaft with responsibility for Procurement, by five years.

     

    Christian Klingler (47), member of the Board of Management of Volkswagen Aktiengesellschaft with responsibility for Sales and Marketing and member of the Volkswagen brand Board of Management with responsibility for Sales and Marketing, is leaving the company with immediate effect as part of long-term planned structural changes and as a result of differences with regard to business strategy. This is not related to recent events. The new CEO Matthias Müller will head the Sales department at Group level in an interim capacity until further notice.

     

    Jürgen Stackmann (54), previously Chairman of SEAT, will take over Christian Klingler's function as a member of the Volkswagen brand Board of Management. Stackmann is succeeded by Luca de Meo (48), currently Audi AG Board of Management member for Sales and Marketing. These personnel changes become effective from October 1.

    0


    Sign in to follow this  
    Followers 0


    User Feedback


    The start of a cleaning of the house, reduction in the number of highly paid executives, managers, etc. and a reorganization that will allow VW/Audi/Porsche to reduce cost even more is what I think will happen along with the single pane of glass visibility to wine over folks.

    0

    Share this comment


    Link to comment
    Share on other sites


    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. Bandit '79
      Bandit '79
      (44 years old)
    2. Ur_pimp
      Ur_pimp
      (27 years old)
  • Similar Content

    • By William Maley
      With Volkswagen buying back a large chunk of the 2.0L TDIs involved the diesel emission scandal, the question arises of where to store them. The answer according to the German automaker is they are storing them at "regional facilities." One of those regional facilities is the parking lot of the Pontiac Silverdome - former home to the Detroit Lions - in Pontiac, MI. However, the vehicles stored there find themselves in a bit of legal trouble.
      The Oakland Press reports that the City of Pontiac has filed a lawsuit against the owners of Silverdome, the Triple Investment Group for numerous violations in zoning, safety, and a municipal code dealing with the storage of vehicles; "a special exemption permit is needed for parking and exterior storage of vehicles." A hearing was planned last week, but was adjourned.
      “Our client is actively engaged and working with the city. We hope to resolve our differences with the city and we believe we are making good progress and working together. We are still waiting on a schedule for (the hearing) but we are hopeful that we will resolve the differences in the meantime and further hearings won’t be necessary,” said J. Patrick Lennon, a partner at Honigman Miller Schwartz and Cohn, the lawfirm representing Triple Investment Group.
      A Volkswagen spokeswoman told Automotive News the company is talking with their “service provider” to see if all of the permits that allow vehicles to be stored at the Silverdome are up to date.
      Source: The Oakland Press, Automotive News (Subscription Required)
      Pic Credit: WXYZ

      View full article
    • By William Maley
      With Volkswagen buying back a large chunk of the 2.0L TDIs involved the diesel emission scandal, the question arises of where to store them. The answer according to the German automaker is they are storing them at "regional facilities." One of those regional facilities is the parking lot of the Pontiac Silverdome - former home to the Detroit Lions - in Pontiac, MI. However, the vehicles stored there find themselves in a bit of legal trouble.
      The Oakland Press reports that the City of Pontiac has filed a lawsuit against the owners of Silverdome, the Triple Investment Group for numerous violations in zoning, safety, and a municipal code dealing with the storage of vehicles; "a special exemption permit is needed for parking and exterior storage of vehicles." A hearing was planned last week, but was adjourned.
      “Our client is actively engaged and working with the city. We hope to resolve our differences with the city and we believe we are making good progress and working together. We are still waiting on a schedule for (the hearing) but we are hopeful that we will resolve the differences in the meantime and further hearings won’t be necessary,” said J. Patrick Lennon, a partner at Honigman Miller Schwartz and Cohn, the lawfirm representing Triple Investment Group.
      A Volkswagen spokeswoman told Automotive News the company is talking with their “service provider” to see if all of the permits that allow vehicles to be stored at the Silverdome are up to date.
      Source: The Oakland Press, Automotive News (Subscription Required)
      Pic Credit: WXYZ
    • By William Maley
      Last week, we reported on comments made by Volkswagen NA CEO Hinrich Woebcken on wanting to expand the number of crossovers in their lineup. It seems there is another crossover possible destined for the U.S.
      According to a source, Volkswagen is planning to launch the T-Roc compact crossover for the U.S. beginning in 2019. First shown as a concept back at the 2014 Geneva Motor Show, the production model will launch this summer in Europe. The decision was made by Volkswagen once dealers in the U.S. gave a firm commitment to the company they would be able to sell enough T-Rocs to make a profit. It also appears this decision was made only last week judging from a comment made by VW brand chief Herbert Diess.
      "It was only yesterday that we decided on an additional SUV for 2019," Diess told reporters when asked about product strategy for the U.S.
      There are still a number of items up in the air, however. For one, Volkswagen needs to decide where it will build the T-Roc. It could import the model from Volkswagen's Portugal plant, build it in Puebla, Mexico, or have it in the same assembly plant as the Atlas in Chattanooga, TN.
      Source: Automotive News (Subscription Required)
      Pic Credit: Newspress

      View full article
    • By William Maley
      Last week, we reported on comments made by Volkswagen NA CEO Hinrich Woebcken on wanting to expand the number of crossovers in their lineup. It seems there is another crossover possible destined for the U.S.
      According to a source, Volkswagen is planning to launch the T-Roc compact crossover for the U.S. beginning in 2019. First shown as a concept back at the 2014 Geneva Motor Show, the production model will launch this summer in Europe. The decision was made by Volkswagen once dealers in the U.S. gave a firm commitment to the company they would be able to sell enough T-Rocs to make a profit. It also appears this decision was made only last week judging from a comment made by VW brand chief Herbert Diess.
      "It was only yesterday that we decided on an additional SUV for 2019," Diess told reporters when asked about product strategy for the U.S.
      There are still a number of items up in the air, however. For one, Volkswagen needs to decide where it will build the T-Roc. It could import the model from Volkswagen's Portugal plant, build it in Puebla, Mexico, or have it in the same assembly plant as the Atlas in Chattanooga, TN.
      Source: Automotive News (Subscription Required)
      Pic Credit: Newspress
    • By William Maley
      Volkswagen sees crossovers as its savior in the U.S. marketplace. Speaking with Wards Auto, Volkswagen North America CEO Hinrich Woebcken said their model mix would change from 10 to 12 percent crossovers to 40 percent in the next few years. 
      “We are shifting the brand into a position where we will enjoy more business volume because we were not present in those segments. We’re currently at 12% and the industry is nearly 60% light trucks and SUVs, so we are severely underrepresented,” said Woebcken.
      To accomplish this, Volkswagen will be launching the brand-new Altas and redesign Tiguan later this year. Interestingly, Volkswagen will keep the current Tiguan for a bit to act as an entry-level model for the crossover lineup. Down the road, Volkswagen will introduce an all-new Touraeg and is considering doing another crossover using the Atlas' platform.
      One vehicle that is still off the table is a truck. Rumors have been flying around about Volkswagen doing a car-based pickup (i.e. Honda Ridgeline). Woebcken said there is little interest for this at Volkswagen's HQ due to how small the segment is. 
      Source: Wards Auto

      View full article
  • Recent Status Updates

  • Who's Online (See full list)