Volkswagen has appointed a new CEO

Volkswagen has appointed a new CEO

June 9, 2020 0 By autotimesnews

Ralph Brandstetter succeeded Herbert Diess as CEO of the German brand.

Volkswagen has officially announced that Herbert Dyssa will step down as CEO of the VW brand, with Ralph Brandstetter as chief operating officer.

The new chapter will make every effort to reduce the costs of the company at the largest plants in Germany. The company notes that the Brandstetter will begin work on July 1 to give Disss, who remains the group’s chief executive officer, more control over the rest of the company, which includes brands such as Audi, Bentley, Skoda, Lamborghini and Porsche.

In addition, it is noted that the former CEO will continue to have overall responsibility for Volkswagen cars and that staff changes will also lead to the departure of the head of the procurement and components department Stefan Sommer.

Note that already the former CEO insisted on cutting costs in Germany in order to realize investments in electric and autonomous cars, which amount to 34 billion euros.

However, Herbert Diss fell “under fire” after Volkswagen was forced to stop selling its latest VW Golf model due to software failures at a time when the company was also preparing for mass production of the VW ID.3 electric car.