German carmaker Volkswagen Friday named Matthias Mueller, head of its luxury sports car brand Porsche, as its new CEO tasked with steering it out of the wreckage of a pollution test rigging scandal.
Mueller, 62, will take over immediately, replacing Martin Winterkorn who stepped down two days earlier, said the head of the supervisory board, Berthold Huber, at the car maker’s headquarters in Wolfsburg, northern Germany.
“My most pressing task will be to restore confidence in the Volkswagen Group -- through an unsparing investigation and maximum transparency, but also by drawing the right lessons from the current situation,” Mueller vowed.
“Volkswagen under my leadership will make every effort to develop the most rigorous compliance and governance standards in the entire industry and to implement them.”
Huber praised Mueller as “a figure with great strategic, entrepreneurial and social skills”.
“He knows the company and its brands, will tackle his new position immediately and with full force. We explicitly appreciate his critical and constructive views.”