Volkswagen to replace CEO with VW brand chief Herbert Diess

Posted April 13, 2018

In the statement on Tuesday, the company mentioned that Matthias Mueller has "showed his general willingness to contribute to the changes".

Karlheinz Blessing, member of the Board of Management of Volkswagen AG with responsibility for "Human Resources and Organization" attends Volkswagen AG annual news conference in Wolfsburg, Germany, April 28, 2016.

Longtime CEO Winterkorn quit after the firm admitted in 2015 to manipulating 11 million diesel vehicles worldwide to cheat regulatory emissions tests in a scandal that became known as "dieselgate".

Chairman Hans Dieter Poetsch is now in talks about changing the structure with fellow supervisory board members and members of the management board, Volkswagen said.

Russian Federation says Israel carried out attack on air base in Syria
Asked about the Russian statement, an Israeli military spokesman said he had no immediate comment. Nebenzia alleged that the anti-government forces had chemical weapons and could stage an attack.

Volkswagen said Tuesday it was considering replacing CEO Matthias Mueller as part of a management shake-up, and German news media reported Mueller's job would go to core Volkswagen brand head Herbert Diess.

The issue with restructuring VW lies with a tug a war between interested parties including the controlling families, stakeholders, and unions.

In response to the story, the company used a statement overnight to say it is considering "potential further development in the management structure in the Volkswagen Group and potential personnel changes in the Board of Management".

The management revamp comes after the company posted record profit previous year. Mr. Diess has been running the Volkswagen brand since 2015.

Kim Jong Un Claims He Will Relinquish Nuclear Weapons for Regime Guarantee
But many in Washington seem to have another misguided assumption about those talks, analysts here say. Till three weeks ago, dilemma lingered over the first-ever meeting between Trump and Kim.

Volkswagen may replace its chief executive as part of a management restructure, the vehicle maker has said.

Diess, 59, has focused his reforms at the VW brand on procurement and process management to bring its cost structure and efficiency closer to that of rival Toyota 7203.T , but stopped short of making sweeping job cuts.

VW shares got an additional boost from the reports that it is planning on replacing Mueller. Mueller told German magazine Der Spiegel in March that he "doesn't like politicians meddling with my business", likening a discussion about a salary cap for executives to the oppressive system of the former German Democratic Republic.

Volkswagen declined to comment on whether the board was poised to name Diess as new CEO.

Brock Lesnar knocks down Roman Reigns and retains WWE Universal Championship
And when he arrogantly mocked him, Undertaker sat up, caught Cena and defeated him with a huge chokeslam and Tombstone piledriver. The fact that Lesnar has re-signed is an indication as to why Lesnar still beat Reigns at WrestleMania 34 .