- Oliver Blume takes over as Chairman of the Group Board of Management and stays at the similar time Chairman of the Board of Management of Dr. Ing. h.c. F. Porsche AG
- Supervisory Board introduces technology change and thanks Herbert Diess for his nice accomplishments in reference to the Group’s transformation
- Volkswagen CFO Arno Antlitz assumes extra function as COO on the Group Board of Management
In its assembly at present, the Supervisory Board of Volkswagen AG appointed Oliver Blume as the new Chairman of the Group Board of Management. He will take over this place with impact as of 1 September 2022, combining this along with his function as Chairman of the Board of Management of Dr. Ing. h. c. F. Porsche AG and persevering with in the latter capability additionally after a potential IPO. Herbert Diess will at the similar time resign as Chairman of the Board of Management by mutual settlement.
The Chairman of the Supervisory Board, Hans Dieter Pötsch, thanked Herbert Diess on behalf of the complete board: “During his tenure as Chairman of the Board of Management of the Volkswagen Passenger Cars Brand and as Chairman of the Group Board of Management, Herbert Diess played a key role in advancing the transformation of the company. The Group and its brands are viable for the future; its innovative capabilities and earning power are strengthened. Mr. Diess impressively demonstrated the speed at which and consistency with which he was able to carry out far-reaching transformation processes. Not only did he steer the company through extremely turbulent waters, but he also implemented a fundamentally new strategy.”
From the Supervisory Board’s level of view, Herbert Diess specifically got here up with a quantity of revolutionary product concepts, redesigned product portfolios and established the clear give attention to electromobility. Groundbreaking platform-based approaches have been initiated such as, just lately, in the case of battery cells as properly as mobility companies. He may be credited with the new organisational orientation of the group with extra unbiased areas, the introduction of model teams and sequence simply as the new personnel orientation of high administration and the members of the Brand Board of Management. In addition, the Group’s capital market focus has been superior and the viability of key Group websites safeguarded.
In at present’s assembly, the Supervisory Board additionally resolved that Group CFO Arno Antlitz will moreover assume the place of COO and thus help Blume with day-to-day operations.
Born in Braunschweig, Oliver Blume joined the Volkswagen Group in 1994 and, since then, has held administration positions for the manufacturers AUDI, SEAT, Volkswagen and Porsche. He has been the Chairman of the Board of Management at Porsche since 2015 and a member of the Group Board of Management since 2018. “Oliver Blume has proven his operational and strategic skills in various positions within the Group and in several brands and has managed Porsche AG from a financial, technological and cultural standpoint with great success for seven years running. From the Supervisory Board’s point of view, he is now the right person to lead the Group and to further enhance its customer focus and the positioning of its brands and products”, mentioned the Chairman of the Supervisory Board, Hans Dieter Pötsch. In addition, Oliver Blume, along with the complete Board of Management, is to proceed to press forward with the transformation – with a management tradition that makes teamwork a high precedence.
