Volkswagen Group of America has announced that its president and CEO, Michael Horn, will be leaving the company effective immediately.
It is the latest development in the company’s massive diesel scandal and according to the German automaker, it was a “mutual agreement” that Horn will be leaving to pursue other opportunities. Hinrich J. Woebcken, who was recently announced as the new Head of the North American Region and Chairman of Volkswagen Group of America will assume the role of president and CEO on an interim basis.
“I want personally to say ‘thank you’ to Michael Horn for the great work he has done for the brand and with the dealers in the United States,” said Herbert Diess, CEO of Volkswagen brand. “During his time in the U.S., Michael Horn built up a strong relationship with our national dealer body and showed exemplary leadership during difficult times for the brand,” he added.
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