On July 9th, Volkswagen officially announced that the term of CEO Diess will be extended until October 2025.
Diess had sought re-election several times but was vetoed by former labor committee chairman Bernd Osterloh. In May of this year, Osterloh became the personnel director of the Traton department (which was split and listed separately in 2019) and faded out of the core power of the Volkswagen supervisory board.
Meanwhile, Hans Dieter Pötsch, chairman of the Volkswagen supervisory board and the actual controller of the Volkswagen Group, has been successfully re-elected. As the representative of Porsche and the Piëch family, he fully supports Diess’ work.
With the disappearance of Diess’ arch-rival and the support of the actual controller, Diess’ reelection had already been determined. On the 13th of this month, Diess will announce Volkswagen’s “2030 strategy”!
Here’s a recap of previous content:
Diess’ “arch-rival” is about to leave Volkswagen!
The actual controller of the Volkswagen Group, Hans-Dieter Pötsch, seeks re-election
🔗 Source: Volkswagen AG
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.