KXIP vs KKR Live Score

"The Volkswagen group is considering further evolving the leadership structure, which could be connected with changes in the board. a change to the chief executive could be involved", VW said in a statement. After nine years there, he moved to Volkswagen in 2015 right before the infamous diesel emission scandal.

Passed over for head of BMW in favor of Harald Kreuger, Diess swung over to Volkswagen to pursue a CEO role.

The company said it was contemplating a management reshuffle and reassigning responsibilities among executives that "could include a change in the position of the chairman of the board of management", the German term for CEO.

Mueller, 64, took over suddenly in 2015 when predecessor Martin Winterkorn fell victim to the company's scandal over cars rigged to cheat on diesel emissions tests.

Volkswagen Group boss Matthias Müller is being sensationally ousted by the company's supervisory board and replaced with Herbert Diess, who runs the Volkswagen vehicle brand. That project became much more urgent as the diesel scandal generated massive costs, and meant taking on established interest groups.

He launched an ambitious reform plan, including investing billions of euros in electric vehicles, but has struggled to push through changes to create a more efficient and focused company. The latest results showed that the core VW brand posted sharply increased profits for 2017, even if the costs for dealing with the diesel emissions scandal remained high across the group. "Instead of being squeezed out, he has been pushed upward, and has been made CEO". But a replacement of the CEO could also signal that some of the primary shareholders and board members are perhaps unhappy with the direction of the company.

Volkswagen's (VW) supervisory board will on Friday replace personnel chief Karlheinz Blessing with Gunnar Kilian, managing director of the carmaker's works council who works directly under labor boss Bernd Osterloh, four sources close to VW told Reuters. Porsche sports auto division head Oliver Blume was promoted to the top management body of the entire group. Now, he's poised to take VW's top job.

Officially, the line from the company is simply that a change at the top of the company may be coming as part of a larger overhaul of management, but a number of unofficial sources (as quoted by Handelsblatt) have said Diess is likely to be appointed the new CEO soon.