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Matthias Müller Appointed as New CEO of Volkswagen AG

Snapshot: Though, Muller would also continue in his role of Porsche Chairman until a successor has been found.

Matthias Müller, current Chairman of Porsche AG, has been appointed as the new CEO of Volkswagen AG with immediate effect. This appointment was decided by the Supervisory Board at its meeting in Wolfsburg on Friday. Though, Muller would also continue in his role of Porsche Chairman until a successor has been found. Just so you know, Muller has been with Volkswagen Group since 1978, when he joined Audi AG in Ingolstadt.

The interim Chairman of the Supervisory Board of Volkswagen AG, Berthold Huber, underscored, “Matthias Müller is a person of great strategic, entrepreneurial and social competence. He knows the Group and its brands well and can immediately engage in his new task with full energy. We expressly value hiscritical and constructive approach.” Bernd Osterloh, Chairman of the Group Works Council, commented, “When it comes to leadership appointments the Volkswagen Group does not need hasty decisions. We know and value Matthias Müller for his determination and decisiveness. He does not work on his own, rather he is a team player.That is what Volkswagen needs now.”

Matthias Müller said, “My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation. Under my leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry. If we manage to achieve that then the Volkswagen Group with its innovative strength, its strong brands and above all its competentand highly motivated team has the opportunity to emerge from this crisis stronger than before.” He has been Chairman of the Executive Board of Dr.Ing. h.c. F. Porsche AG and a member of the Executive Board of Porsche Automobil Holding SE since 2010. In his function as Chairman of the Executive Board of Dr. Ing. h.c. F. Porsche AG, Müller was appointed member of the Board of Management of Volkswagen AG effective March 1, 2015.

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