FRANKFURT: Volkswagen AG extended chief executive officer Herbert Diess’s contract by two years, giving fresh backing to the boss overseeing the most aggressive push into electric vehicles by an established carmaker.
Diess, 62, will remain CEO until October 2025, the supervisory board said. Chairman Hans Dieter Poetsch praised the transformation overseen by the executive, who joined VW just before its diesel emissions scandal erupted and rose to the top job as it was still dealing with €30bil (US$35.6bil or RM149bil) worth of damages.