New York (CNN Business) – Volkswagen’s CEO is leaving his post in a surprise move, effective September 1. The company announced Friday that CEO Herbert Diess will be replaced by Oliver Blume, the head of Volkswagen (VLKAF)’s Porsche performance car division. Volkswagen, the world’s second largest automaker, did not provide a reason for Diess’ exit. But a Reuters report citing unnamed sources said the Porsche and Piech families — who between them own a majority of the voting rights in Volkswagen — pressed for a change at the helm. The company did not immediately respond to a request for comment on that report. It was a busy and challenging tenure for Diess. He took the reins at Volkswagen in
Hence then, the article about volkswagen ceo to leave in surprise move was published today ( ) and is available onEGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Volkswagen CEO to leave in surprise move )