Reuters reported that Volkswagen's supervisory board decided to let Diss get the person he wanted in the necessary position. That is to say, Arnold Antlitz will replace Frank Witt as the chief financial officer of the group in June 2002 1 year, Thomas Schmahl will become a member of the board of directors in charge of the technical department from June 20021year, and Murat Axel will become the purchasing director of the whole group, not just the Volkswagen brand.
These executives are crucial to Diss's electrification strategy. Not only that, they also proved how much power the CEO of Volkswagen has in front of the board of supervisors, where there are a large number of trade union representatives, such as Bernd. Osterloh.
As IG? Osterloh, an associate member of Metall (German Metal Industry Union), will oppose cost reduction because it will inevitably mean layoffs. As a simpler manufacturing method, the production of electric vehicles requires fewer workers. Software and technical teams can recruit more people, but not IG? Workers represented by Metall.
So far, what the Board of Supervisors has agreed to do is to reduce the indirect cost by 5% and the procurement cost by 7% by the end of 2022. At that time, Diss's contract as CEO of Volkswagen ended.
If the executive could choose his team, he wouldn't try to renew his contract. This will be a signal that Edith has won the trust of the board of directors and can continue the changes he wants to implement in the Volkswagen Group. By not extending his contract, the message is clear: this will only happen if his plan is smooth enough.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.