Volkswagen recruits Andreas Renschler to its fold to handle its truck operations

Article by Anita Panait, on February 24, 2014

Volkswagen has named former Daimler executive Andreas Renschler to its management board, effective Feb. 1, 2015.  Renschler resigned on Jan. 28 as operations chief at Daimler’s Mercedes-Benz unit. “We are very pleased we have been able to recruit Mr. Renschler to join our company,” VW Chairman Ferdinand Piech said in a statement.

“We have found the ideal successor” to replace current trucks boss Leif Oestling who is set to retire. VW has been having a hard time making its truck-making affiliates Scania AB and MAN SE work closer with each other.

It is also struggling to heighten cooperation with its own commercial-vehicles business. Daimler recently announced it is offering EUR6.7 billion ($9.2 billion) to buy the remaining stake at Scania that it currently does not own in order to increase integration and squeeze out more costs.

Daimler already fully owns MAN. Renschler had been chief of Daimler’s truck unit for around a decade until he was swapped to Mercedes-Benz last year. His efforts at the unit included restructuring projects in the US, Japan and Brazil and adding output in China and India.

Piech remarked that Oestling was key in recruiting Renschler. He indicated an interest in Renschler when he told Stuttgarter Zeitung on Jan. 30 that “the best lure the best.” Oestling is set to retire after his contract expires in 2015.

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