Herbert Diess

Herbert Diess (born 24 October 1958) is a German-born, Austrian businessman, the current chairman of the board of management of Volkswagen Group, as well as the chairman of the board of management of the Volkswagen Passenger Cars brand.[2] In 2018 he was named one of the "Best CEOs in the World" by the CEOWORLD magazine.[3]

Herbert Diess
Diess in 2019
Born (1958-10-24) 24 October 1958
Munich, West Germany
NationalityAustrian[1]
EducationPh.D. (mechanical engineering, production technologies) 1987
Alma mater
OccupationChairman of Management Board, CEO, Chairman of Volkswagen Brand Board of Management
EmployerVolkswagen Group
Board member ofAudi AG, Volkswagen AG, SEAT S.A., Škoda Auto, Porsche Holding GmbH, others

Diesel Emissions Scandal

As the current CEO of Volkswagen Group, Herbert Diess was prosecuted, along with Hans Dieter Pötsch, the chairman of the supervisory board of Volkswagen, on September 24, 2019, for the manipulation of Volkswagen's diesel emissions. Executives were charged with withholding information from shareholders about the huge financial implications due to the scandal, which gained much media attention. German law requires top executives to inform shareholders about significant financial risks and issues. This follows after the investigation finding that Volkswagen's rigged millions of diesel cars worldwide to cheat on emissions tests, which led the company to lose over $30 billion. As a result of the spurious information, the stocks plummeted almost 40 per cent. However Volkswagen defended themselves: "The company has meticulously investigated this matter with the help of internal and external legal experts for almost four years ... the result is clear: the allegations are groundless."[4]

Notes
  1. https://www.infineon.com/dgdl/CV_Diess_englisch.pdf?fileId=5546d4614a56ecc2014a95a31c096fe3
  2. "Executive Bodies - Volkswagen Group". www.volkswagenag.com.
  3. "Best CEOs in the World 2018". Archived from the original on 7 November 2018. Retrieved 1 March 2021.
  4. "Volkswagen's CEO and chairman charged in Germany over diesel emissions scandal".

References
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