Volkswagen Appoints Thomas Schaefer as CEO of Volkswagen Brand
04 April 2022 - 11:14AM
Dow Jones News
By Kim Richters
Volkswagen AG said on Monday that it has named Thomas Schaefer
the new chief executive officer of its namesake Volkswagen brand
effective July 1.
The German car maker said Mr. Schaefer, who has been serving as
the Skoda brand chairman since August 2020, was appointed chief
operating officer of the Volkswagen brand on Friday and will
subsequently take over as the Volkswagen brand CEO.
He will also join the Volkswagen group's management board where
he will be responsible for the volume brand group.
Current Volkswagen brand chief Ralf Brandstaetter will continue
until June 30 and take over responsibilities for the auto maker's
China business from Aug. 1 as previously announced.
Klaus Zellmer will take over the role as management-board
chairman at Volkswagen's Skoda auto brand from Mr. Schaefer
effective July 1, the car maker said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
April 04, 2022 04:59 ET (08:59 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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