Volkswagen has appointed the Chairmen of Porsche, Matthias Müller, as its new CEO.
In the wake of a diesel emissions scandal, in which the company admitted to installing software to cheat diesel emissions tests on 11 million vehicles, Volkswagen’s former CEO Dr. Martin Winterkorn resigned. Winterkorn accepted responsibility for the scandal as the CEO of the company, though he claims no personal wrong doing.
“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.
Reorganization is also coming to VW’s workings in North America. The brand has named Dr. Winfried Vahland as the head of a newly formed North American region which combines the USA, Mexico and Canada. Vahland was formerly the Chairman of the Board for Skoda, with his potion being filled by Bernhard Maier, the current board member in charge of sales and marketing for Porsche.
Michael Horn, the President and CEO of Volkswagen Group of America retains his position.
“Under my leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry,” said Müller. “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.”
Volkswagen is currently under investigation by government agencies in both the U.S and Germany, the results of which will likely end up in hefty fines and possibly criminal charges.
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