- According to a report by Reuters news agency, the contract extension of Volkswagen President Herbert Diess is now scheduled ahead of schedule.
- So far, Volkswagen Business Council chairman Bernd Osterloh is said to have resisted the extension. However, in May he moved on to the position of Head of Human Resources at truck maker Traton, a subsidiary of Volkswagen.
- Diess rose to the top of the group in April 2018. The former BMW boss was head of the Volkswagen flagship brand in Wolfsburg.
VW CEO Herbert Diess’ contract can now be extended early. This was reported by Reuters news agency, which refers to two people familiar with the events. Accordingly, Volkswagen’s board of directors wants to discuss a four-year contract until October 2025 on Friday. However, specific details have not yet been determined. Volkswagen could not be reached for comment.
It’s already the third attempt. Dess had already made two attempts last year. His contract currently runs until 2023. So far, Volkswagen Business Council Chairman Bernd Osterloh is said to have fought the extension. It is said that there have been many disagreements between Diess and employee representatives over the pace of the switch to electric mobility. Because that costs jobs.
However, in May, Osterloh switched to the position of director of human resources at truck maker Traton, a subsidiary of Volkswagen. Owners’ families Porsche and Pech should be more conservative about an early contract extension, the report said, although they support the Volkswagen chief’s plans in principle.
Diess rose to the top of the group in April 2018. The former BMW boss was head of the Volkswagen flagship brand in Wolfsburg. His energetic behavior is said to have been heavily criticized even then. Even then, he was said to have indicated his desire to break down old structures so he could be competitive with US electric car maker Tesla.