Porsche Chairman appointed CEO of VW Group

The Chairman of Porsche AG on Friday became CEO of the Volkswagen Group, which is caught in an emissions cheating scandal.

The Supervisory Board held a meeting in its headquarters in Wolfsburg on Tuesday and decided to appoint Matthias Mueller, 62, as CEO Volkswagen AG with immediate effect.

The company said Mueller will continue to act as Chairman of Porsche AG until a successor has been found.

At a time when the scandal is still escalating, Mueller is expected to steer the car maker out of the current difficult situation.

Mueller who is also a member of Board of Management of Volkswagen AG will act as the CEO VW Group until the end of February 2020.

Leave a Comment