Martin Winterkorn says Renschler and Diess are possible successors

Article by Andrew Christian, on March 2, 2015

Andreas Renschler and Herbert Diess are tagged by Martin Winterkorn as possible successors to his post as the chief executive of the Volkswagen Group, according to report from German weekly magazine Stern. He told the publication that the decision about his successor will not be easy one for the supervisory board.

Winterkorn's contract as group CEO will expire on 2016. For his impending exit, Winterkorn has gradually been preparing the group for a change in leadership by boosting its management lineup. VW tapped Renschler and Diess from rivals Daimler and BMW respectively.

He noted that these two people did good work in their previous jobs, otherwise VW would not have hired them, adding that internal candidates were also considered for the post. He remarked that a Volkswagen boss should have a big affinity to its products, be close to customers and dealers.

He told the magazine that such leader has to have a certain level of social acceptance within the company. “Like always it depends on the personality," Winterkorn said. When asked whether he could imagine sitting on the post for another four years, Winterkorn said that it depends on the situation.

He noted that four years ago, he could not have imagined working until he was 69. Renschler took over as chief of VW's truck division on Feb. 1 while Diess will become VW brand CEO on Oct. 1, 2015.

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