German carmaker Volkwagen officially named Porsche boss Matthias Mueller its new CEO on Friday Sep 25,2015
Mathias Mueller,the 62-year-old has been in the Volkswagen fold for years, working under the Audi brand from 1977 after studying information technology and toolmaking in his native Germany. At Audi, he headed system analysis, product management and later the Lamborghini product line, before moving to Volkswagen's Wolfsburg headquarters to lead VW's projects department.
At Volkswagen subsidiary Porsche, which he has led since 2010, Mueller is credited with helping deliver record revenue and profit, with deliveries jumping 17 percent in 2014 from a year earlier
Mathias Mueller replaces Martin Winterkorn, who stepped down this week following revelations of the auto giant's manipulation of emission tests for its diesel cars.
In a statement, Mueller said he wants to implement strict compliance standards while gaining back the trust the company has lost.
Note
Martin Winterkorn, the embattled chief executive of Volkswagen, on Wednesday Sep 23,2015 has announced that he is to resign following the scandal surrounding the emissions of its diesel cars
In a statement issued by the company Winterkorn said he was "shocked by the events of the past few days."
"Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group."
In stepping down Wednesday, Winterkorn said he was "not aware of any wrongdoing on my part" but had accepted the "responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group."
Mathias Mueller,the 62-year-old has been in the Volkswagen fold for years, working under the Audi brand from 1977 after studying information technology and toolmaking in his native Germany. At Audi, he headed system analysis, product management and later the Lamborghini product line, before moving to Volkswagen's Wolfsburg headquarters to lead VW's projects department.
At Volkswagen subsidiary Porsche, which he has led since 2010, Mueller is credited with helping deliver record revenue and profit, with deliveries jumping 17 percent in 2014 from a year earlier
Mathias Mueller replaces Martin Winterkorn, who stepped down this week following revelations of the auto giant's manipulation of emission tests for its diesel cars.
In a statement, Mueller said he wants to implement strict compliance standards while gaining back the trust the company has lost.
Note
Martin Winterkorn, the embattled chief executive of Volkswagen, on Wednesday Sep 23,2015 has announced that he is to resign following the scandal surrounding the emissions of its diesel cars
In a statement issued by the company Winterkorn said he was "shocked by the events of the past few days."
"Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group."
In stepping down Wednesday, Winterkorn said he was "not aware of any wrongdoing on my part" but had accepted the "responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group."
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