Volkswagen CEO Herbert Diess will likely stay on to lead Europe's largest carmaker as part of a solution that will see him cede some responsibilities following a clash with labour leaders, two people familiar with the matter said.
Volkswagen CEO Herbert Diess looks on during his visit to Volkswagen's electric car plant in Zwickau, Germany, June 23, 2021. REUTERS/Matthias Rietschel/File PhotoBrand CEO Brandstaetter to join management board - sourcesHAMBURG, Dec 6 - Volkswagen
The solution would potentially end the carmaker's latest leadership tussle, which has caused uncertainty among investors and led the group's preferred shares to fall significantly in recent weeks. VW brand chief Ralf Brandstaetter is slated to join the management board - confirming what sources told Reuters last month - while Diess will focus on strategy, the sources added.
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