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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/7\/22\/23274382\/volkswagen-ceo-herbert-diess-replace-porsche-oliver-blume<\/a> In a major shake-up, Volkswagen CEO Herbert Diess is stepping down as head of the world\u2019s second-largest automaker and will be replaced by Porsche chief Oliver Blume, the company announced Friday. <\/p>\n Blume will replace Diess in his role as chairman of the board of management on September 1st, the company announced. In a statement, Hans Dieter P\u00f6tsch, who chairs the company\u2019s governing supervisory board, thanked Diess<\/a> for his service and for his \u201ckey role in advancing the transformation of the company.\u201d<\/p>\n It was a surprising development, considering Diess had narrowly avoided ouster<\/a> by the VW supervisory board late last year. The German automaker has clashed frequently with labor unions and other key stakeholders over VW\u2019s strategic direction and overall cost cutting, according to Bloomberg<\/em><\/a>. The company was in the midst of raising more funds through an initial public offering of Porsche to help fuel its push into electric vehicles and software services. (VW is governed by a supervisory board, which delegates several seats to labor unions.)<\/p>\n
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