VW’s CEO Diess to step down after tumultuous tenure, Blume to succeed

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Reuters UK

BERLIN (Reuters) -Volkswagen’s Herbert Diess is stepping down as chief executive, Europe’s top carmaker said on Friday, after a four-year tenure in which he pushed VW’s electrification strategy and repeatedly clashed with its work council and board. Diess will leave his role on September 1 and will be succeeded by Oliver Blume, chief executive of Volkswagen-owned Porsche AG, who will retain his position as head of the sportscar brand alongside his new responsibilities. Blume has worked at VW Group for his whole career, joining in 1994 on the international trainee programme at Audi and chairing…

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