Volkswagen chief appoints new top management team
FRANKFURT (Reuters) - Volkswagen's chief executive Matthias Mueller named his new management team on Thursday, including the replacement for the group's research and development chief who left earlier this month as a result of the diesel emissions scandal.
Under the overhaul the number of top managers reporting to the CEO almost halves.
"These structural changes speed up the decision-making process, reduce complexity and increase efficiency," Mueller said in a statement.
The new appointments are mostly internal, although Ulrich Eichhorn returns to become R&D chief after three years at the German automobile industry association.
Volkswagen has made clear it wants to free up Mueller to concentrate on overall strategy, which involves drawing up new business targets for the group up to 2025, and manage the shift toward electrically-powered vehicles.
Mueller, the head of Porsche before he was asked to take over as group CEO after Martin Winterkorn resigned following the revelations that VW had cheated U.S. emissions tests, will also have more time to deal with the ensuing crisis for the company, which faces huge costs in the form of vehicle recalls, possible regulatory penalties and litigation.
VW last week announced that procurement chief Francisco Javier Garcia Sanz, one of the carmaker's most experienced executives, has been appointed to handle the crisis.
The new managers reporting to Mueller will take on more responsibility in areas such as R&D, sales, design, production and product strategy.
Eichhorn, 54, joined the company from Ford and led research at the group from 2000 to 2003. He then took over responsibility for technical development at VW's luxury Bentley unit before his spell at the industry association. Continued...