Following Martin Winterkorn's resignation last Wednesday, the Volkswagen Auto Group has appointed Porsche CEO Matthias Mueller to lead Europe's largest automotive group. Winterkorn resigned earlier this week to give the company "a fresh start" following the discovery of emission defeat devices in 2.0 TDI engines.
Mueller's appointment takes immediate effect and he will be running Porsche simultaneously until a new CEO is found for the sports car company. Muller says his first task is win back consumer trust in Volkswagen Auto Group. Mueller says he plans to do so by "leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation."
Volkswagen Auto Group's newest CEO started out in the company as an toolmaking apprentice for Audi. After his apprenticeship, Mueller resumed his career with AUDI AG in Ingolstadt in 1978, becoming Head of the Systems Analysis Division in 1984 and Head of Project Management for the Audi A3 in 1993. He assumed responsibility for Product Management at Audi AG, SEAT and Lamborghini in 1995. He then became Head of Product management for Volkswagen Auto Group and was appointed as Porsche's CEO in 2010.
"Under my leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry. If we manage to achieve that then the Volkswagen Group with its innovative strength, its strong brands and above all its competent and highly motivated team has the opportunity to emerge from this crisis stronger than before.", said Mueller. He will be running Volkswagen Auto Group starting today until his contract ends on February 2020