Volkswagen sacks Herbert Diess from the presidency of the German automotive group

  • Consortium to which Cupra and Seat belong will appoint Oliver Blume as replacement on September 1

  • The current leader will leave the post, 63, will leave the company after reaching an agreement with the group

The supervisory board of Volkswagen Group announced this afternoon, by surprise, the cessation of Herbert Diess at the head of the German automobile consortium. At the end of the board meeting, a press release was made public with the appointment of Oliver Blume, 54 years old, like new CEO of the groupa position he will hold in conjunction with his current role as brand manager Porschewhich will also continue to operate after the sports car maker’s IPO.

Following the decision of the German group’s supervisory board, a Generational Succession Line, focused on consolidating the electrification of the company and to face challenges such as the possibility of circumventing the limitation of sales of thermal vehicles beyond 2035. The economic reality and the technological reality of the countries oblige, and the group is already observing, with other major builders, a kind of moratorium on this hitherto sacred border. These will not be the only challenges for a Blume which will undoubtedly open a new stage in the consortium.

“Boss” since 2018

As is often the case in these cases, the thank you for the services rendered is what takes for now Thiswho served as CEO for 2018. In a “gentleman’s agreement”, Diess negotiated the band’s departure. Since volkswagen They are very grateful to Diess (who just turned 63) who gave many product impulses, reoriented the product portfolio and promoted electric mobility.

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Chairman of the Supervisory Board, Hans Dieter Potsch, He thanked Diess for the work carried out at the head of the group and the Volkswagen brand to move forward in the transformation of the company. “The group and its brands are viable for the future, their capacities for innovation and revenue generation have been strengthened,” said the leader, who added that Diess has not only taken the reins of the company in “extremely rough waters -referring to Dieselgate and the departure of Martin Winterkorn-“, but also implemented a new strategy.

Blume Enters 1994 in the Volkswagen Group and held various positions in the brands Audi, Seat, Volkswagen and Porsche. Since 2015, he has been CEO of Porsche and will now continue the transformation of the Volkswagen Group. Olivier Blume worked for five years (2005-2009) as director of planning and control center of Seat SA

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