April 10, 2018 / 1:36 PM / 15 days ago

Volkswagen to name VW brand chief Diess as new CEO: sources

HAMBURG/BERLIN (Reuters) - Volkswagen’s supervisory board is set to name VW brand chief Herbert Diess as the group’s new chief executive, replacing Matthias Mueller, two people familiar with the matter said.

Herbert Diess from the Volkswagen Group presents the new I.D. Vizzion car model during an event at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 5, 2018. REUTERS/Denis Balibouse/Files

Volkswagen said earlier it could replace Mueller as part of a broader overhaul of its management structure to boost efficiency.

Reporting by Jan Schwartz and Andreas Cremer; Writing by Maria Sheahan

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