The head of the VW supervisory board advises on Tuesday about CEO Diess


According to insiders, the top of the VW supervisory board will deal with the future of Herbert Diess as CEO tomorrow, Tuesday. “The Bureau will lay down the cards as to how it will go on with him,” said a person familiar with the discussions on Monday the Reuters news agency. The outcome of the deliberations is “completely open, everything is possible at the moment.” Two other people confirmed the appointment. Volkswagen did not comment.

Reuters reported on Friday, citing corporate circles, that Diess was demanding an early contract extension as a vote of confidence that the supervisory board would support its course in the restructuring of the car manufacturer. That’s why Diess felt like the family owners Porsche and Piech. The prospects for a contract extension are low, however, because Diess (62) would have to win over the influential works council in addition to the German state of Lower Saxony as the second largest shareholder. Works council chief Bernd Osterloh is one of the harshest critics of the former BMW manager. From the environment of the Porsche SE holding company it was said that the family owners would continue to stand by Diess.

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