Matthias Müller is out as Volkswagen CEO, amid
a diesel emissions scandal that shook the world’s largest car maker. The
company confirmed the move today, naming Brand Chief Herbert Diess to the top
job in his stead.
Müller had only been in the top role for three
years, and while the chief executive was never charged in the scandal, many in
the industry believe that he didn’t impose changes quickly enough after
information came to light.
This time last year, the company was hit with
a $2.8 billion penalty in the U.S. ,
bringing its costs for the scandal up to around $30 billion, according to NBC.
Volkswagen was one of a number of automakers caught adjusting emissions during
laboratory testing, in order to meet environmental standards.
Earlier this week, the company announced that
it was considering replacing its CEO. Today the company issued a statement
thanking Müller for his time during what it referred to as “the greatest
challenge in its history.”
Board member Hans Dieter Pötsch adds,
effusively, “Together with his team, he also fundamentally realigned the
Group’s strategy, initiated cultural change and, with great personal
commitment, made sure that the Volkswagen Group not just stayed on track but is
now more robust than ever before. For that, he is due the thanks of the entire
Company.”
VW’s new CEO, Herbert Diess, joined the
company in 2015 after spending time at BMW. As The BBC notes, Diess has already
proven a divisive character for the company due to battles with the unions and
attempts to cut costs at the company.
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