Herbert Diess takes over from Matthias Müller as head of VW Group
The Board of Management and Supervisory Board of Volkswagen Group have resolved to extensively revise the Group's management structure.Read Now
In order to sustainably implement the new structure, the OEM has said, it has made a number of changes on the Board of Management. Matthias Müller steps down as Chairman of the Board of Management by mutual agreement, effective immediately. At its meeting on Thursday, April 12, the Supervisory Board appointed Dr. Herbert Diess (pictured) as his successor.
New brand groups
The introduction of the brand groups Volume, Premium and Super Premium, along with the planned preparation for capital market readiness of Truck & Bus, create the basis for a more subsidiary leadership of the Group. The Chairmen of the Board of Management responsible for the brand groups will be taking on additional Group management roles.
Following this reorganisation, Herbert Diess will be responsible for Group Development and Research, Rupert Stadler for Group Sales, and Oliver Blume for Group Production.
Additional Group functions will be allocated according to the same principle. Due to the special significance of vehicle connectivity, Vehicle IT will be led by Herbert Diess himself; Company IT will be headed by Frank Witter. Procurement and Components are to be combined into one unit going forward.
At its meeting the Supervisory Board also decided on two new appointments to the Group Board of Management. Dr. Oliver Blume, Chairman of the Board of Management at Porsche, will belong to the Group's top governing body going forward.
In addition, Gunnar Kilian, who until now has served as Secretary-General of the Volkswagen Group Works Council, has been appointed the new member of the Group Board of Management for Human Resources. He takes over the post from Dr. Karlheinz Blessing, who served in the role from the beginning of 2016. Dr. Blessing will be leaving the Board of Management by mutual agreement, but remains available to the company in a consultative capacity for the remaining duration of his employment contract.
Purchasing chief Garcia Sanz has left the company
Dr. Francisco Javier Garcia Sanz, head of Procurement, has left the company at his own request. "During the past two decades, Dr. Garcia Sanz has built up a cutting-edge Procurement department. His leadership of the diesel task force was instrumental in overcoming the diesel crisis. As Chairman of the Supervisory Board of the SEAT brand, he also made a significant contribution to reinforcing the brand," said Chairman of the Supervisory Board Hans Dieter Pötsch.
Ralf Brandstätter, Board of Management member responsible for Procurement for the VW brand, will take on this additional role provisionally.
Susan Slaughter takes over from Alan Draper at Ford of Europe purchasing
Sue Slaughter has taken over as director of purchasing for TVM Strategy and Business Development at Ford of Europe, following the departure of Alan Draper, who has retired from the carmaker.Read Now
She moves from her role as COO at Getrag Ford Transmissions, a division of the global transmission supplier and now part of Magna International.
Slaughter has a long history of purchasing roles at Ford, having started there in 1987. She soon became purchasing director for the European Business Office in 1990, a role she held for almost 20 years. Prior to her move to Getrag in 2015, she was global purchasing director for the B Car segment.
Alan Draper was with Ford for almost 40 years, having joined the company in 1979. From 1995, he held a variety of key purchasing roles including director, European programme purchasing and vice-president of purchasing for Ford of Europe. As well as being director of purchasing in Europe he was in charge of global team value management.
Werner Puetz remains as Vice-President of Purchasing at Ford of Europe.
Plastics base materials supplier Borealis appoints new CEO
The supervisory board of Borealis, the polyolefins and base chemicals supplier has announced the appointment of Alfred Stern (pictured) as new CEO following on from their highly regarded CEO, Mark Garrett, who has decided to step down.Read Now
After more than 11 years as CEO of Borealis, Mark Garrett has decided to leave the company to pursue a new career path. The Supervisory Board of Borealis regrets but accepts this decision, recognising Garrett's outstanding contribution to Borealis' success.
At the same time, the Supervisory Board appoints Alfred Stern, Executive Vice President for the Polyolefin business, as successor. He led a strategy re-direction of the Polyolefin business to drive growth focussing on value creation through innovation and expansion into new global regions resulting in record profitability of the business.
Stern joined Borealis in 2008 as Senior Vice President Innovation & Technology, coming from E.I. DuPont de Nemours where he held several international leadership positions. He was promoted to the Executive Board of Borealis in July 2012.
Since 2016, he has advanced the strategy re-orientation towards the Circular Economy, focussing on developing solutions to remove barriers to higher recycling rates (design for recyclability). One major step in this effort was the acquisition and capacity expansion of mtm Plastics in Germany in 2017, a mechanical plastics recycler.
"We are proud that we can appoint an internal candidate as Borealis CEO to ensure a smooth handover and a continuation of the success story of Borealis", added Rainer Seele, Vice-Chairman of the Supervisory Board and CEO of OMV. "Alfred has positioned the Borealis polyolefins business in a difficult as well as in a favourable market environment very well and recently shaped the new strategic direction towards the Circular Economy and the endeavours in the area of plastics recycling. We are looking forward to a fruitful and valuable cooperation also in future."