It was confirmed by Volkswagen that Herbert Diess would be taking over the positions of Matthias Mueller, the current boss of the car company.
The former executive of BMW was widely regarded as the favourite to take on the reins. He has been servings as the in-charge of the core VW brand ever since 2015.
The announcement that was made last Thursday comes after the directors of VW said that it could replace the CEO of the group as part of a larger shake-up in the strategy and management of the company.
The chairman of the supervisory board, Hans Dieter Potsch, stated: “Matthias Müller has done outstanding work for the Volkswagen Group.”
Under the new plans that were also announced last Thursday, the carmaker said that it would establish six new vehicle divisions. The company said that this would speed up the decision-making processes.
Talking after his appointment, Diess said that he would be focusing on emerging and developing vehicle technologies.
He stated: “In a phase of profound upheaval in the automotive industry, it is vital for Volkswagen to pick up speed and make an unmistakable mark in e-mobility, the digitalisation of the automobile and transportation as well as new mobility services.”