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Volkswagen CEO Herbert Diess kicked out


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Porsche CEO Oliver Blume is the new CEO of Volkswagen. VW's CEO Diess ousted after tumultuous tenure, Porsche's Blume to succeed | Reuters

 

BERLIN, July 22 (Reuters) - Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen (VOWG_p.DE), the carmaker said on Friday, after a supervisory board vote forced Diess to step down from his four-year tenure following a series of missteps over strategy and communication style.

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