Herbert Diess

Late last week, it was announced that Herbert Diess would step down as Volkswagen's Chairman of the Board of Management. As of September 2022, he will be replaced by Oliver Blume, who will fulfill this new role while continuing with his other day job as the Chairman of the Board of Management of Porsche AG.

Volkswagen Supervisory Board reaches agreement with Dr. Herbert Diess to step down from his post of VW Group CEO in surprise move, replacing him with Porsche CEO Oliver Blume starting September 1, 2022. Diess oversaw Volkswagen's turn to electric cars following the VW diesel crisis during a time of unprecedented...

Volkswagen fired its CEO, Herbert Diess over software and a mix of other issues including upsetting the Porsche and Piech families, according to a report from Automobilwoche. The report noted that the families no longer trusted Diess to lead VW into the future. The now former CEO of VW who...

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. In a shock dismissal, Volkswagen Group’s board of directors fired the carmaker’s chief executive best known for steering the supertanker around in favor of a bright new future manufacturing electric vehicles.

Volkswagen is shaking up its leadership. The automaker has announced that group chairman Herbert Diess will leave at the end of August. Porsche chairman Oliver Blume will take over the role (while preserving his existing position) as of September 1st. The company didn't explain Diess' exit, but said the move was the result of a "mutual agreement."

The VW AG board said Friday it has appointed Porsche boss Oliver Blume to head up the massive company that includes brands Audi, Bentley, Lamborghini, Porsche and Volkswagen Passengers Cars. VW CFO Arno Antlitz will take the chief operating officer position. Diess is resigning by “mutual agreement.”. Blume will...

In a major shake-up, Volkswagen CEO Herbert Diess is stepping down as head of the world’s second-largest automaker and will be replaced by Porsche chief Oliver Blume, the company announced Friday. Blume will replace Diess in his role as chairman of the board of management on September 1st, the...

Volkswagen AG abruptly ousted Herbert Diess, its chief executive officer and architect of the auto industry’s biggest electrification effort, after repeated clashes with labor unions chipped away at his support with key stakeholders. Porsche boss Oliver Blume will succeed Diess within weeks, ending a four-year tenure in which Diess'...

There are big changes coming at the Volkswagen Group. After four years at the helm, VW announced Friday that CEO Herbert Diess (R) is set to step down, with Porsche chairman Oliver Blume (L) appointed to take over one of the world's largest automakers. Blume will take on this new role, while maintaining his position at Porsche, on September 1.

Herbert Diess, Volkswagen's CEO, has been replaced by Porsche CEO Oliver Blume, the company announced today. The changeover will occur on September 1, 2022, capping a tumultuous ar term that saw serious disputes between Diess and the company's European labor leadership, which some feel contributed to the decline in Volkswagen's share value from its recent highs last year, as Reuters reports.

Volkswagen’s CEO, Herbert Diess, is stepping down and will be succeeded by the current head of Porsche, Oliver Blume, Europe’s top carmaker has said, after a four-year tenure in which Diess pushed VW’s electric vehicle ambitions and clashed with its work council and board. Sources with knowledge...

July 22 (Reuters) - Herbert Diess took over at Volkswagen AG (VOWG_p.DE) four years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, and the former BMW (BMWG.DE) executive offered a new vision.

Volkswagen AG CEO Herbert Diess is stepping down as of Sept. 1, and Porsche CEO Oliver Blume will assume the role, the company announced in a press release on Friday. Diess will also leave his role as VW AG's Chairman of the Group Board of Management. Blume will remain CEO of Porsche and also take on the VW AG Chairman role as well.

July 22 (UPI) -- Herbert Diess, who took over European auto giant Volkswagen after a catastrophic emissions device scandal that stretched to the United States, will step down as chairman at the end of August. The auto company, which owns the high-profile automobile brands Porsche, Audi, Bentley, Bugatti and Lamborghini,...