The leadership crisis at Volkswagen has been averted and the transformation to a technology provider is to be accelerated.
The leadership crisis at Volkswagen has been averted for the time being. The supervisory board decided on Monday evening to cut and fill key positions on the executive board with which CEO Herbert Diess wants to accelerate the transformation into a technology provider based on the model of the US electric car manufacturer Tesla.
Power struggle
His demand for an early contract extension, however, came to nothing. It wasn't on the agenda.
In the opinion of group observers, works council chief Bernd Osterloh prevailed, with whom Diess had been fighting for months in an exhausting power struggle over the speed of group restructuring.
“Unrestricted support”
The supervisory board then announced that Diess had “unlimited support” in aligning the group with electromobility and digitization. The owner families Porsche declared: “It is of crucial importance for us that Herbert Diess and his new board of management team will continue to shape this important phase of the Volkswagen Group.”
With the implementation of the “Strategy 2025+” he has full support, “as well as with the implementation of measures that increase profitability”.
