Volkswagen poised to axe boss Matthias Mueller

As Diesel Scandal Fades, VW Is Planning to Replace Its CEO

Volkswagen said on Tuesday that Mueller had expressed his general willingness to participate in a management overhaul, and it was still to be determined whether efforts to develop a new leadership structure would leave him in place.

In a statement, the automaker confirmed it was exploring options to reshuffle its management that "could also include a change in the position of the chairman of the Board of Management", which is the German term for CEO.

Mueller was elevated from his role as Porsche CEO just days after the Dieselgate emissions cheating scandal broke in late 2015, replacing Martin Winterkorn.

Chairman Hans Dieter Poetsch is in discussions with "certain members" of the firm's supervisory board and management board.

Germany's Handelsblatt business publication reported, however, that Mueller would be replaced by Herbert Diess, head of the core Volkswagen brand.

The issue with restructuring VW lies with a tug a war between interested parties including the controlling families, stakeholders, and unions. Its profit margin climbed to 7.4% of sales a year ago from 6% in 2015, when the crisis hit.

In tapping Diess for the top job, Volkswagen would elevate a senior executive from its own ranks, while at the same time relying on a relative outsider to run the company.

454,000 units were delivered on the continent in the three-month period, a 6% rise compared to the 428,200 figure recorded previous year.

"The Volkswagen group is considering further evolving the leadership structure, which could be connected with changes in the board. a change to the chief executive could be involved", VW said in a statement.

Diess, known as a "very good cost manager" with experience at BMW, would be "the best solution as a successor for the next five years", he added. German magazine Der Spiegel was first to report that Kilian could replace Blessing who joined VW in January 2016. According to the company, final decision is expected to be made by the end of the week.

VW could move as soon as Friday to name Herbert Diess, head of its Volkswagen brand, as its new leader.

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