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Volkswagen AG said Chief Executive Officer Herbert Diess is stepping down from the top job and leaving the car maker’s management board effective Sept. 1, a surprise move amid the car giant’s recent pivot toward electric vehicles.
Diess will be succeeded by Oliver Blume, who is also CEO of the car maker’s sports-car brand Porsche AG, Volkswagen
VOW,
said. Arno Antlitz, who currently is chief financial officer of the company, will take on the additional role as chief operating officer, the German car maker said.
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