Matthias Mueller confirmed as the new head of Volkswagen

[Lite Beer]

Matthias Mueller confirmed as the new head of Volkswagen

Matthias Mueller has been confirmed as the new chief executive of Volkswagen as part of a management shake-up in the wake of the emission tests scandal.

The man who was the head of the iconic sports car company, Porsche had been widely tipped for the top job. Porsche is owned by Volkswagen a company Mueller joined in 1977.

Following the confirmation of his appointment he said his most urgent task was to win back trust. He has the backing of many employees.

“He knows his business and he knows the company. He won’t take long to familiarize himself. He is well informed. I guess he will do a good job,” said one employee.

The Wolfsburg company confirmed Mueller will take over the reins with immediate effect and run Porsche as well until a successor is found.

Former chief executive Martin Winterkorn resigned on Wednesday and it’s reported more employees are set to go.

-- (c) Copyright Euronews 2015-09-26

[impulse]

Everything I'm reading indicates that the German corporate culture is one where even the ousted bosses of disgraced companies will be treated with reverence after they're gone. Which, of course, makes it that much more "okay" to disgrace your company in hopes of the big bonus, knowing there won't be any blowback or attempts to claw back your $60 million severance/retirement package.

Do we have any German folk tuned in that can comment on the possible personal consequences for the perpetrators?

Edited September 26, 2015 by impulse