VW CEO Herbert Diess stepping down, Porsche's Blume stepping in

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VW CEO Herbert Diess stepping down, Porsche's Blume stepping in
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Diess, who took over the world's second largest automaker in the wake of the Dieselgate scandal, will also leave his post as Chairman of the Group Board of Management.

scandal. He had previously served as the CEO of the Volkswagen passenger cars brand in the VW Group's 12-brand portfolio. Diess oversaw Volkswagen's on-going transition to an electric vehicle lineup that began with the ID.4 crossover in 2020 and will continue with the ID.Buzz in 2023, new electric SUVs by 2026, and a total of more than 25 EVs by 2030.

Blume joined the VW Group in 1994, and served in management positions at Audi, Seat, and VW. He became Porsche's Chairman of the Board in 2015 and a member of VW Group's board in 2018. “Oliver Blume has proven his operational and strategic skills in various positions within the Group and in several brands and has managed Porsche AG from a financial, technological and cultural standpoint with great success for seven years running. From the Supervisory Board’s point of view, he is now the right person to lead the Group and to further enhance its customer focus and the positioning of its brands and products,” said the Chairman of the Supervisory Board, Hans Dieter Pötsch.

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