Martin Winterkorn has earlier today chosen to resign from his post as CEO of Volkswagen. This would come as a shock to many, but considering the latest news and shitstorm of Volkswagens way to manipulate with their environmental numbers in their 2.0 liters TDI engine, this should come at some point. This is what Martin Winterkorn wrote in the press release.
“I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group.
As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group. I am doing this in the interests of the company even though I am not aware of any wrong doing on my part.
Volkswagen needs a fresh start – also in terms of personnel. I am clearing the way for this fresh start with my resignation.
I have always been driven by my desire to serve this company, especially our customers and employees. Volkswagen has been, is and will always be my life.
The process of clarification and transparency must continue. This is the only way to win back trust. I am convinced that the Volkswagen Group and its team will overcome this grave crisis.”
The question now is who will take his place as CEO for Volkswagen? VW says they won’t tell the public anything about that before friday, maybe later. Could Porsche CEO Matthias Müller be the chosen one for the job to turn the company back on track?
Read the press release from Volkswagen here.