On Friday, the Supervisory Board of Volkswagen AG approved a new management structure for the Group and the brands as well as for the North America region. Interim Chairman of the Supervisory Board, Berthold Huber, commented, "The new structure strengthens the brands and regions, gives the Group Board of Management the necessary leeway for strategy and steering within the company, and lays a focus on the targeted development of future-oriented fields."
Details of some of the major changes include:
Reorganisation of the North America region
The markets in the U.S.A, Mexico, and Canada will be combined to form a new North America region, led by Prof. Dr. Winfried Vahland, formerly Chairman of the Board of Directors at Skoda. Michael Horn remains President and CEO of Volkswagen Group of America.
Porsche brand group with Bentley and Bugatti
At Group level, the management structure will be oriented even more systematically to the modular toolkits. Thus, a Porsche brand group with Bentley and Bugatti will be established for the sportscar and mid-engine toolkit. The Audi brand group with Lamborghini and Ducati will be continued as will the Truck Holding, and the Power Engineering and Financial Services business lines.
New Group functions for efficiency and future-oriented fields
Group functions will concentrate more closely on efficiency and future-oriented fields; organisational units, for example for Group product strategy, new business fields, cooperations and holdings, connectedcar activities, and CO2 steering, will therefore be set up.
Upgrading of brands and regions
The Volkswagen brand will introduce a management structure with four regions, each led by a local CEO with a direct reporting line to the brand Chairman, Herbert Diess.
