Volkwagen’s board has ousted CEO Mattias Müller, replacing him with VW brand chief Herbert Diess, CNBC confirmed Thursday.
the globe’s largest automaker can be also preparing its truck in addition to bus division for a potential listing.
VW said on Tuesday that will was considering replacing Müller. The move can be seen as an attempt for the company to make a break with the diesel emission scandals that will rocked the company in addition to led to hefty penalties.
Earlier This particular year, the company suspended a top executive after news broke that will the company was involved in tests of the effects of diesel fumes on humans in addition to monkeys. In 2015 , Volkswagen admitted that will had used special devices designed to skew results on U.S. emissions tests.
Müller was never charged or directly linked to the scandals, however many thought VW was slow to act as details were made public.
however VW leadership thanked Müller for his service to the company in a statement sent Thursday.
“Matthias Müller has done outstanding work for the Volkswagen Group,” VW supervisory board chairman Hans Dieter Pötsch said within the statement. Müller led VW through the “greatest challenge in its history,” realigned the German automaker’s strategy, in addition to made improvements to the company’s culture, he added.
“For that will, he can be due the thanks of the entire Company,” he said.
Diess, joined Volkswagen in July 2015, after previously working at BMW.
This particular story can be developing. Please check back for updates.
— CNBC’s Phil Lebeau contributed to This particular story.