Volkswagen Group could be prepared to give workers a management board seat in an effort to secure agreement for reforms of the company under a new CEO, according to some reports.
Reuters reported that the proposed change comes as current VW Group CEO Mathias Muller is about to be replaced by Herbert Diess in a move designed to speed up reform and restructuring in the vast company. The report noted that Muller’s attempts at reform have been held up by political obstacles, especially opposition from labour leaders.
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Reuters said sources told the news agency that the supervisory board would seek to bring works council executive Gunnar Kilian onto the company’s management board to try to secure backing for new CEO Diess and his plans.
Bloomberg reports that a VW Group supervisory board meeting tomorrow will rubber stamp Herbert Diess – current VW brand chief – as the new CEO of VW Group. It also said the meeting will review a plan to streamline VW Group’s 12 business units into four consolidated groups. There are also plans to spin-off parts of the VW Group, possibly including the truck business (which has just formed an alliance with Toyota’s Hino Motors).
See also: COMMENT – VW CEO can’t hold back desire for faster change
