Appointment of Brandstaetter to VW Board of Management confirmed

As expected, Volkswagen’s Supervisory Board has appointed the experienced manager Ralf Brandstaetter to the Board of Management for China. He will take the position effective on August 1st, 2022. In January, Brandstätter will already be appointed member of the Board of Management with responsibility for passenger cars. Brandstaetter will thus head both the important China business and the core brand of VW. Brandstaetter will take over management responsibility for China from Group CEO Herbert Diess. The 53-year-old is to formally relieve Diess and will also receive a mandate from the Supervisory Board to deal with the growing problems in the world’s largest car market (China.Table reported). fin