Porsche CEO Matthias Müller named CEO of Volkswagen Group

Just two days after its longtime CEO Martin Winterkorn resigned, the Volkswagen Group has a new CEO.

Volkswagen announced at its supervisory board meeting Friday that Porsche CEO Matthias Müller would be stepping up as CEO of the Volkswagen Group. This follows the resignation of CEO Martin Winterkorn, who left amidst one of the biggest scandals in the company's history.

“My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation," Müller said in a statement. "Under my leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry." Read more...