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Volkswagen names new CEO

Matthias Müller has been appointed CEO of Volkswagen AG with immediate effect. Müller (pictured) is currently chairman of Porsche AG in Stuttgart. He will continue in this function until a successor has been found.

(Read also: Volkswagen scandal: Should the CEO have stepped down?)

The interim chairman of the Supervisory Board of Volkswagen AG, Berthold Huber, said: “Matthias Müller is a person of great strategic, entrepreneurial and social competence. He knows the group and its brands well and can immediately engage in his new task with full energy. We expressly value his critical and constructive approach.”

Matthias Müller said, “My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation.”

He added that under his leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry.

“If we manage to achieve that then the Volkswagen Group with its innovative strength, its strong brands and above all its competent and highly motivated team has the opportunity to emerge from this crisis stronger than before,” Muller added.

Müller was with AUDI AG in Ingolstadt in 1978, becoming head of the systems analysis Division in 1984 and head of project management for the Audi A3 in 1993. He assumed responsibility for product management at Audi AG, SEAT and Lamborghini in 1995.

He then took on the role of head of product management of the Volkswagen Group and the Volkswagen brand in 2007 and also became a general representative of the Volkswagen Group.

He has been chairman of the executive board of Porsche AG and a member of the executive board of Porsche Automobil Holding SE since 2010. In his function as chairman of the executive board of Porsche AG, Müller was appointed member of the board of management of Volkswagen AG effective 1 March 2015.
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