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November 16, 2018

VW CEO Diess adds responsibility for China

The VW Supervisory Board has assigned responsibility for the China Board of Management Division to VW Group CEO and chairman Herbert Diess, in addition to his other duties.

By Sam Duke

The VW Supervisory Board has assigned responsibility for the China Board of Management Division to VW Group CEO and chairman Herbert Diess, in addition to his other duties.

At the same time, the Volkswagen Group is reordering its management structure for the China region.

The company said the reordering and direct assignment of responsibility to Diess 'takes account of the growing importance of the Chinese market and the high pace of technological development in China'.

VW said that in the fields of e-mobility, connectivity, automated driving and shared mobility, China is 'increasingly setting global standards'. This development, it said, calls for the direct, intensive focus of the VW Group chief.

There were further re-organisational measures. Stephan Wöllenstein (55), CEO of Volkswagen China Passenger Cars and Executive Vice President of Volkswagen China Investment Company, will manage the business operations of the Group in China as Chief Executive Officer. Prior to his present function as CEO, Wöllenstein was Managing Director Volkswagen Brand and Executive Vice President of FAW- Volkswagen Sales Co., Ltd. in Changchun. Previously, he held various responsible positions in Volkswagen brand sales and with SAIC VOLKSWAGEN in Shanghai, where he was responsible for Sales & Marketing from 2004 to 2006.

The changes are to take effect in mid-January 2019. At the same time, Prof. Dr. Jochem Heizmann, currently Member of the Board of Management of Volkswagen Aktiengesellschaft with responsibility for China business and President and CEO of Volkswagen Group China, is to retire.

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