Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto giant

Herbert Diess, CEO of Volkswagen

Sean Gallup | Getty

Volkswagen CEO Herbert Diess will go away the organization at the conclusion of August, the firm said Friday. Oliver Blume, currently the CEO of Volkswagen subsidiary Porsche, will triumph Diess as of Sept. 1.

The automaker didn’t present a rationale for Diess’ departure.

Diess joined Volkswagen from BMW in 2015, stepping into the leading work in the wake of the Dieselgate scandal. He is credited with leading the business past the scandal into a new period, driving large investments in electric cars with a objective of providing millions of EVs for every calendar year by mid-10 years.

In a assertion, Volkswagen chair Hans Dieter Potsch thanked Diess for participating in a key job in advancing the transformation of the corporation.

“Not only did he steer the corporation by way of particularly turbulent waters, but he also carried out a fundamentally new strategy,” Potsch stated.

His successor will be charged with retaining that transformation on class. A profession Volkswagen executive, Blume held producing roles at Audi, the Spanish auto brand SEAT and at the VW manufacturer ahead of becoming Porsche’s output main in 2013. He grew to become the sports activities car brand’s CEO in 2015.

Blume will have support as he transitions into the new position. Volkswagen stated that its main fiscal officer, Arno Antlitz, will acquire on the more title of chief working officer to “help Blume with day-to-working day operations.”