Volkswagen dismisses Herbert Diess as president of the German automobile group

  • The consortium to which Cupra and Seat belong will appoint Oliver Blume as a substitute on September 1

  • The current manager will leave the position, 63 years old, will leave the company after reaching an agreement with the group

The supervisory board of Volkswagen Group announced this afternoon, by surprise, the cessation of Herbert Diess as head of the German automobile consortium. After the board meeting, a statement was made public with the appointment of Oliver Blume, 54 years old, like new CEO of the groupa position that he will exercise together with his current position as head of the brand porschewhich will also continue to operate after the sports car manufacturer goes public.

Following the decision of the German group’s supervisory board, a generational Handover Line, focused on consolidating the electrification of the company and to deal with issues such as the possibility of circumventing the limitation of sales of combustion vehicles beyond 2035. The economic reality and the technological reality of the countries oblige, and the group already observes, together with other large manufacturers, some kind of moratorium in the face of that hitherto sacred border. They will not be the only challenges for a blume which will undoubtedly start a new stage in the consortium.

‘Boss’ since 2018

As is often the case in these cases, the thanks for services rendered is what is taking for now Diesswho held the position of CEO since 2018. In a ‘gentleman’s agreement’, Diess has negotiated the group’s departure. Since volkswagen They are very grateful to Diess (who has just turned 63) who has given many product impulses, has reoriented the product portfolio and promoted electric mobility.

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The chairman of the supervisory council, Hans Dieter Potsch, He thanked Diess for the work carried out at the head of the group and the Volkswagen brand in advancing in the transformation of the company. “The group and its brands are viable for the future, their innovative capabilities and income generation have been strengthened,” said the manager, who added that Diess not only took the helm of the company in “extremely rough waters -referring to Dieselgate and the departure of Martin Winterkorn-“, but also implemented a new strategy.

blume entered into 1994 in the Volkswagen group and has held various positions in the brands Audi, Seat, Volkswagen and Porsche. Since 2015 he has been CEO of Porsche and will now continue the transformation of the Volkswagen group. Oliver Blume worked for five years (2005-2009) as Director of Planning and of the Pilot Center of Seat SA

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