Further talks are necessary to reach an agreement. An agreement in the next few days is likely. Volkswagen and Porsche SE, in which the Porsche and Piech families hold the majority of voting rights in the Wolfsburg-based car company, have not commented on the information.
As part of the agreement, VW brand chief Ralf Brandstätter should be appointed to the group’s executive board, according to several insiders. There, the 53-year-old industrial engineer is supposed to manage the high-volume group of brands, which includes the division of VW, Skoda, Seat and VW van. This group has so far been the responsibility of Dess as CEO.
After the turmoil surrounding his criticism of the leaks on the supervisory board in the summer of 2020, Diess was forced to relinquish management of the group’s largest brand to Brandstätter. Prior to this, Brandstätter was responsible for the operational business of the brand bearing the VW logo.
Dess announced the reorganization last week. In an internal video interview, he said in response to employees’ questions, “We will fundamentally rethink the management of the company.” The goal is better collaboration in respective brands groups. “The group will largely withdraw from the business.” This should lower the levels of hierarchy and speed up decision-making.
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