HAMBURG — Volkswagen Group’s incoming CEO Oliver Blume goals to shrink the scale of the group’s administration board as one among his first strikes after his promotion, a number of folks acquainted with the matter instructed Reuters.
“Some twin features needs to be reconsidered,” one of many sources stated.
The variety of board seats might be decreased to eight or 9 as a part of the reshuffle, the sources stated, including that no selections had been made but.
The board had swelled to 12 members below predecessor Herbert Diess.
VW stated final month that Blume will succeed Diess on Sept. 1. Blume will hold his position as CEO of VW Group’s Porsche model, VW stated on the time.
Each Volkswagen and Porsche declined to touch upon the matter.