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It's not just Deutsche Bank that has seen a conveyor belt of CEOs in recent years: according to Handelsblatt, that other titan of European industry - and Germany's largest employer - has decided to part ways with its CEO as the company's emissions-manipuation scandal claims its latest scalp. Yes, Mueller is about to be replaced... as Volkswagen CEO. His replacement according to Handelsblatt will be Herbert Diess, who joined VW from southern-German rival BMW in mid 2015, months before the diesel crisis erupted. As the executive overseeing VW’s biggest unit, he routinely butted heads with the powerful labor union as he sought to cut costs and simplify the complex structure of the carmaker. In tapping Diess for the top job, Volkswagen would elevate a senior executive from its own ranks, while at the same time relying on a relative outsider to run the company.
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Topic: Mueller To Be Replaced... (Read 619 times)
