Herbert Diess
Herbert Diess | |
|---|---|
 Diess in 2019 | |
| Born | 24 October 1958 Munich, West Germany |
| Nationality | Austrian[1] |
| Education | Ph.D.(mechanical engineering, production technologies) 1987 |
| Alma mater |
|
| Occupation | Chairman of Management Board, CEO, Chairman of Volkswagen Brand Board of Management |
| Employer | Volkswagen Group |
| Board member of | Audi AG, Volkswagen AG, SEAT S.A., Škoda Auto, Porsche Holding GmbH, others |
Herbert Diess (born 24 October 1958) is the chairman of the board of management of Volkswagen Group as well as the chairman of the board of management of the Volkswagen Passenger Cars brand.[2] In 2018 he was named one of the "Best CEOs in the World" by the CEOWORLD magazine.[3]
Diesel Emissions Scandal[]
As the current CEO of Volkswagen Group, Herbert Diess was prosecuted, along with Hans Dieter Pötsch, the chairman of the supervisory board of Volkswagen, on September 24, 2019, for the manipulation of Volkswagen's diesel emissions. Executives were charged with withholding information from shareholders about the huge financial implications due to the scandal, which gained much media attention. German law requires top executives to inform shareholders about significant financial risks and issues. This follows after the investigation finding that Volkswagen's rigged millions of diesel cars worldwide to cheat on emissions tests, which led the company to lose over $30 billion. As a result of the spurious information, the stocks plummeted almost 40 per cent. However Volkswagen defended themselves: "The company has meticulously investigated this matter with the help of internal and external legal experts for almost four years ... the result is clear: the allegations are groundless."[4]
Notes[]
- ^ https://www.infineon.com/dgdl/CV_Diess_englisch.pdf?fileId=5546d4614a56ecc2014a95a31c096fe3
- ^ "Executive Bodies - Volkswagen Group". www.volkswagenag.com.
- ^ "Best CEOs in the World 2018". Archived from the original on 7 November 2018. Retrieved 1 March 2021.
- ^ "Volkswagen's CEO and chairman charged in Germany over diesel emissions scandal".
References[]
- New wave; Volkswagen The Economist. 430.9134 (16 March 2019): p. 58. Word count: 571.
- Crain, K.C.; et al. (12 November 2018), "Big changes ahead, 'big potential' in U.S. Q&A: Herbert Diess.", Automotive News
- Vellequette, P. Larry (5 November 2018), "Growth Mode; VW wants more U.S. production capacity and could trade platforms with Ford, CEO Herbert Diess says.", Automotive News
 |
Wikimedia Commons has media related to Herbert Diess. |
| show Authority control  |
|---|
- Volkswagen Group executives
- 1958 births
- Living people
- FC Bayern Munich board members