The group must be further developed in a sustainable manner.

The search for a new boss will be difficult, said the experts from Independent Research. Hiesinger was probably tired of being wiped out by the various interests in the group, with Cevian, Elliott, employees and the Krupp Foundation, which is the largest single shareholder in the group with around 21 percent and has two representatives on the Supervisory Board. Hiesinger had probably also meant this in his farewell letter to the employees when he talked about the basics of earlier decisions. “The common understanding of the Executive Board, the Supervisory Board and key shareholders about the strategic direction of Thyssenkrupp was an important prerequisite for me to lead Thyssenkrupp successfully as CEO.” The foundation and its boss Ursula Gather later expressed their regret at Hiesinger’s move.

This has realigned the company economically and introduced a modern corporate culture. “The foundation and I personally have always supported Mr. Hiesinger on this path, welcomed the proposals of the board of directors and supported them in the decisions,” emphasized Gather. The IG Metall secretary and vice chairman of the group supervisory board, Markus Grolms, called for unity . “The executive board, supervisory board, employee representatives and shareholders must pull together in the interests of the company and the employees,” he said. The group must be further developed in a sustainable manner. “Anyone who neglects social fairness towards the employees will have to deal with us, but in the right way.” Source: ntv.de, wne / rts “Europe’s largest automaker wants to rebuild its top management. According to media reports, CEO Müller will not stay that way spared.

And the name of his successor is already in circulation. A bang in Wolfsburg: Europe’s largest car manufacturer is apparently repositioning itself at the top. As reported by several media, CEO Matthias Müller has to vacate his post. VW brand boss Herbert Diess is to succeed him. The Porsche and Piech families had put Müller on their toes in September 2015 when the then CEO Martin Winterkorn had to resign in the course of the diesel fraud.

The 64-year-old Müller’s contract actually runs until 2020. Shortly before, the group had announced that it would reorganize its top management – this could also lead to personnel changes on the board of directors and in departmental responsibilities. “This could also include a change in the position of CEO,” it said. CEO Matthias Müller has signaled his “fundamental willingness to participate in the changes”. The DAX group did not initially provide any further details. The supervisory board of the world’s largest car manufacturer is due to meet on Friday. It should also be about conversion plans such as a possible spin-off of the truck business and top personnel.best online biology essay writing service

Internal restructuring has been an issue at Volkswagen for a long time; the huge group is struggling with complex structures and wants to give the individual brands and regions more responsibility. In addition, electromobility and networking require many changes, the group is already investing billions in this area. At the same time as Volkswagen, the parent company Porsche SE went public and announced that changes on the VW board could also lead to changes on the board of Porsche SE. Porsche SE, controlled by the Porsche and Piëch families, holds a good 52 percent of the voting rights in Volkswagen. Volkswagen’s preferred stock rose to a daily high in the early afternoon.

Most recently they were almost three percent up. Müller himself had told “Spiegel” that, in his view, the top management of Volkswagen had to become “more feminine, younger and more international”. “This is a huge problem” for the group. (…) I would definitely like to discuss with the supervisory board how the group should be run after my time and by whom. “According to” Spiegel “information, HR director Karlheinz Blessing will also go in the course of the restructuring Accordingly, Gunnar Kilian, who is currently Secretary General of the VW Group Works Council. Volkswagen had recently achieved a record year despite the ongoing burdens from the diesel fraud. The bottom line for 2017 was around 11.4 billion euros for the multi-brand group. More than 10.7 million cars had been handed over to customers – that was worldwide top.

The income totaled almost 231 billion euros. Source: ntv.de, ftü / dpa / rts “At the IAA, VW boss Müller shows Chancellor Merkel the way. (Photo: picture alliance / Andreas Arnol) The salary increases for VW top managers cause irritation. Against the background of the ongoing diesel debate, even Chancellor Merkel expresses her astonishment. Spending the money instead on hardware retrofits, however, only makes sense to a limited extent. Chancellor Angela Merkel was astonished at the income growth of VW top managers. “I am happy when there are profits, because then perhaps money can also be invested in the future,” said the Chancellor. “Nevertheless, I was already amazed that there are also very high growth rates for certain salaries.” Merkel was previously was asked whether she did not feel fooled in the diesel debate in view of VW’s high corporate profits.

Merkel emphasized that the entire German automotive industry must now master the tasks of the future. It remains in the diesel debate that driving bans should be avoided as far as possible. The auto industry “of course” bears responsibility for solving the problem. The newly elected Chancellor is critical of technical retrofitting.

Hardware upgrades are one way, she explained, but it’s of little use if it takes three or four years. The question of how to help the cities most affected will be tackled by the new federal government “first,” she promised. The day before it became known that the profit doubling at Volkswagen would also include the remuneration of CEO Matthias Müller to 10.14 Increased millions of euros. Overall, the remuneration of the executive board at Volkswagen increased by almost a third to a good 50 million euros. Source: ntv.de, mra / rts “CEO Müller is not the only top manager who has to leave the VW Group. Internally, it is said that at least one more Manager must vacate his post.

His successor is to be a close confidante of the powerful works council boss. Group boss Matthias Müller is not the only person affected by the surprising restructuring of the VW management floor. In corporate circles it is said that personnel manager Karlheinz Blessing must also leave. His successor is to be Gunnar Kilian – the previous Secretary General and thus a close confidante of Works Council Chairman Bernd Osterloh.

Instead of Müller, the previous brand boss Herbert Diess is to make the important decisions in the group in the future. According to voices from the Supervisory Board, Matthias Müller is accused of weak decision-making internally. The planned restructuring of the Volkswagen group should therefore enable a new “departure” at Europe’s largest car company. The necessary restructuring was not going quickly enough under Müller, it was said with a view to the fundamental change in the automotive industry. “It was not an easy time, with a lot of external pressure,” said industry expert Stefan Bratzel. However, Müller had set positive accents during the renovation. Gunnar Kilian, and thus a close confidante of works council chief Bernd Osterloh, is to become the new head of HR for the VW Group. (Photo: dpa) Müller’s likely successor Diess is considered to be someone who thinks strategically and makes quick decisions can meet.

At a supervisory board meeting, the personal details are to be sent on Friday. Diess was formerly a BMW board member and has been with VW since the summer of 2015, shortly before the emissions scandal started. The 59-year-old had long been considered “Crown Prince” Müller. During his time as head of the VW brand with models like the Golf or Passat, he already improved the efficiency of the low-income Wolfsburg-based company. He is also not afraid of conflicts with the works council. Like the entire industry, VW is facing massive change.

The topics of the future are alternative drives and autonomous driving, which will bring about major changes. “Volkswagen has to become much more flexible in its structures,” said car expert Bratzel, who heads the CAM car management institute in Bergisch Gladbach. He considers smaller units in the group to be necessary. “VW needs a new culture of flexibility and quick decision-making, but that cannot happen overnight.” Former Porsche boss Müller became the new head of the VW group shortly after the emissions scandal became known in autumn 2015. At that time, he had replaced the long-standing CEO Martin Winterkorn, who had resigned. Müller had recently also caused a stir within the industry because he had questioned the existing tax advantages for diesel fuel. Specifically, he proposed a gradual shift in tax breaks to alternative drives.

New registrations of diesel have been on the decline for months, but diesel is very important for VW. The group has invested a lot of money in the development of the complicated and expensive engines. Source: ntv.de, chr / dpa “” After the change in management at Deutsche Bank, a change in the top post is likely to be announced at VW. Successor of CEO Müller is to become brand boss Diess. Just a few weeks ago, Volkswagen boss Matthias Müller gave a major interview to “Spiegel” – as it now turns out, it was probably his farewell interview. His departure, which is to be sealed at a board meeting on Friday, is not entirely unexpected.

It has been controversial since he joined Volkswagen. In the Diesel affair he rarely acted happily, although the task was a suicide mission. VW actually only had something to lose.

In fact, the refused compensation payments for VW owners in this country or the software instead of hardware retrofitting damaged the image of the group. In September 2015, Müller had taken on a thankless task from the then boss Martin Winterkorn. He had to put out the fires that diesel fraud software started. Müller was already familiar with this role at Porsche when he took over the helm at the premium manufacturer in the post-Wiedeking era. The former Porsche boss Wendelin Wiedeking had to resign after the failed takeover of VW at the end of the 2000s.

As a firefighter, Müller has probably had his day in the group, leaving his designated successor, brand boss Herbert Diess, an appointed house. Because operationally things have been running smoothly recently, with a sensational comeback in the USA in particular. The diesel scandal seems ticked off.

But the group wants to attack more and has announced major investments in e-mobility. Diess seems to be the right man for this job, not only because he is very well networked in the company and can now act without Müller’s legacy. Before moving to Volkswagen in July 2015, he was a member of the BMW Board of Management between 2007 and 2014 and had worked intensively on the development of electric cars. He also spoke out in favor of manufacturing lithium battery cells in Germany because he considers them a key technology. Investors expect that the world’s largest carmaker will be able to accelerate the good business development of the past few quarters under his leadership. Like its predecessor, Diess will drive the group’s ambitious growth targets.

The company aims to increase sales by more than 25 percent by 2020. The pre-tax profit should even increase by at least 30 percent. The group wants shareholders to participate in this. The dividend payout ratio is set to climb to 30 percent of profit, and more than 34 billion euros are expected to flow into the development of electric cars, autonomous driving, new mobility services and digitalization by 2022. The focus is on the Chinese market, in which VW wants to invest ten billion euros.

This means that around 40 vehicle models with alternative drives will be produced in the country by 2025. Part of the plans is to sell around 400,000 electric cars in China in 2020, completing a turbulent week for three former German figureheads. Because in addition to Deutsche Bank, things were hot again at Bayer. The takeover of Monsanto is now finally sealed after a long back and forth.

It is therefore not surprising that there is great demand for the three stocks that were among the top-traded stocks at brokers like Degiro. All three companies want to leave the problems of the past few years behind them – today’s share price gains are a good start. Source: ntv.de “Although he is supposed to leave his post, Matthias Müller will probably not have any financial worries in the future either. (Photo: dpa) Volkswagen’s still CEO Müller earned more than 10 million euros last year – it is obvious that a severance payment will not be cheap. Therefore, according to media reports, the group wants to move him to another position. The expected fundamental restructuring at the world’s largest car company, Volkswagen, is taking place It is not only expected that the supervisory board will appoint the previous VW brand boss Herbert Diess as the successor to the current chairman of the board, Matthias Müller, but Müller’s future could already be sealed: According to “Handelsblatt” information, he could have a new one Retained function because his regular contract runs until 2020 At the end of the supervisory board meeting, it should be decided that Müller will vacate his post, reports the newspaper, citing company circles.

But he will keep his board contract. “A contract termination would make no sense, as the severance payment would be just as high as the current contract,” said a person familiar with the operations. Last year, Müller had pocketed more than 10.1 million euros. In addition, according to information from the group environment, the supervisors should decide on further personal details. Gunnar Kilian, still general secretary in the works council, is to become head of HR and succeed Karlheinz Blessing.

In addition, the long-time purchasing director Francisco Javier Garcia Sanz wants to give up his post, it is said. Sanz has been a board member at VW since 2001 and also head of the supervisory board at Bundesliga club VfL Wolfsburg.