Volkswagen CEO will step down by Sept. 1

VIENNA –

Herbert Diess?, CEOYou can find the German automaker VolkswagenStepping is the best. downThe company announced Friday.

The Wolfsburg, GermanyCompany with a -base said DiessAssumed the role of CEOIn 2018, will depart Sept. 1 “by mutual consent”With the board. HisContract was to expire 2025.

DiessPresided over the automaker during a period of significant industry change, including the shift towards electric vehicles.

Hans Dieter PotschChairman of Volkswagen’sSupervisory board thanked DiessIn a statement, he praised his contribution to the organization “advancing the transformation of the company.”

(*1*) Potsch said.

Oliver BlumeWho are you now? CEOOf Porsche, willYou will succeed Diess. VolkswagenAlso saidThe chief financial officer of the company. Arno Antlitz, willAssume the role of chief operating officer.