The Wall Street Journal: Volkswagen CEO Herbert Diess to depart; Porsche’s top executive will succeed him

by | Jul 22, 2022 | Stock Market

Volkswagen AG said Chief Executive Officer Herbert Diess is stepping down from the top job and leaving the car maker’s management board effective Sept. 1, a surprise move amid the car giant’s recent pivot toward electric vehicles. Diess will be succeeded by Oliver Blume, who is also CEO of the car maker’s sports-car brand Porsche AG, Volkswagen
said. Arno Antlitz, who currently is chief financial officer of the company, will take on the additional role as chief operating officer, the German car maker said.

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