Exclusive: Volkswagen's new CEO plans to downsize the management board - sources

By Jan Schwartz

HAMBURG – Volkswagen’s incoming Chief Govt 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 individuals acquainted with the matter informed Reuters.

“Some twin capabilities must be reconsidered,” one of many sources mentioned.

The variety of board seats might be diminished to eight or 9 as a part of the reshuffle, the sources mentioned, including that no choices had been made but.

The board had swelled to 12 members beneath predecessor Herbert Diess, whom Blume is because of succeed on Sept. 1.

Each Volkswagen and Porsche declined to touch upon the matter.

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