Contested internally for several months, Herbert Diess has been confirmed as Chairman of the Volkswagen group’s Executive Board.
Status quo at Volkswagen . The Supervisory Board of the German group has just given its support to Herbert Diess, disputed on the internet and engaged for several months in a standoff with the unions on the composition of the group’s executive board.
Herbert Diss, who left BMW to join Volkswagen in 2015, is therefore confirmed in his role as Chairman of the VW Management Board, a position he has held since April 2018.
“Herbert Diess and his new Executive Board have our unconditional support for the implementation of the Together 2025+ strategy,” the body said in a press release, referring to a “unanimous” decision.
“Herbert Diess has had a major impact on Volkswagen since 2015,” the Supervisory Board also said. “Without his commitment, the transformation of the company would not have been so consistent and successful. The Supervisory Board appreciates the determination and perseverance that Herbert Diess has shown to encourage not only technological change and contribution to the achievement climate targets, but also improved financial results for the company. In the years to come, the Volkswagen AG Management Board will implement the strategy while keeping Herbert Diess in the driver’s seat. ”
Focus on electro-mobility and digitization
Reinforced in this way, Herbert Diess will be able to continue working to transform the company towards electro-mobility and digitalization, while “while substantially reducing fixed costs and material costs throughout the Group, all brands and all regions, “he said.
Volkswagen plans to invest more than 35 billion euros in electricity and thus launch 70 electrified models by 2030. Objective for the firm: to sell 26 million units in ten years.