Factbox-Possible successors to Volkswagen CEO Diess -Breaking
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© Reuters. FILEPHOTO: Oliver Blume, CEO of Porsche AG, speaks during the 2019 Frankfurt Motor Show (IAA), in Frankfurt, Germany on September 10, 2019. REUTERS/Ralph Orlowski2/3
FRANKFURT – Volkswagen (DE :)’s four-member mediation panel is set to meet soon to talk about Herbert Diess, the CEO of the company, according to people who were familiar last week. Diess was once again at odds with prominent labour leaders.
On Monday, Jefferies analysts (NYSE:) called Diess the “most forward-looking CEO” since Ferdinand Piech who was Volkswagen’s former chief executive and chairman.
Even though it is not clear what the final outcome will be, Diess’s strained relationship with German unions has created uncertainty about the future of the automaker’s leadership.
As potential candidates for Diess’s successor, the following people have been mentioned in the past:
OLIVER BLUM, 53
Since 2015, Porsche AG CEO
– Volkswagen AG (OTC:) board member since April 2018
Previous posts included positions as a leader at both Audi and SEAT, the Volkswagen brand.
Porsche AG’s operating margin was 15.5% after nine months in 2021. This represented 26% of Volkswagen AG’s total operating profit.
RALF BRANDSTAETTER 53
Assuming the role of group CEO Diess, he is now CEO for Volkswagen’s nameake brand.
• Joined Volkswagen as a passenger in 1993.
Previous postings included leadership positions at SEAT Spain
MARKUS DUESMANN, 52
Since 2020, CEO and Board Member of Volkswagen AG
He also manages Volkswagen’s premium brands Lamborghini Ducati, Bentley and Bentley since the summer of 2021 under Audi AG.
– on Volkswagen’s board he is also responsible for the group’s research & development
Audi had an operating margin 9.5% after nine months and represented 28% of Volkswagen AG’s operating profit. This is the largest share among all divisions.
Formerly held leading roles at BMW and Daimler-Chrysler.
THOMAS SCHMALL 57
Since 2021, member of Volkswagen AG’s management board
Volkswagen Group Components CEO since 2019.
In charge of Technology. His responsibilities include the strategy and construction of six European factories by 2030.
Joined Volkswagen in 1991. His postings included Brazil, South Africa and Slovakia.
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