Volkswagen supervisory board will elect new CEO soon

Volkswagen is going to hold a meeting of its supervisory board on Thursday to make decision on a new chief executive, bringing forward the meeting that was earlier planned for Friday, a source with information of the matter said.

The board is set to elect the head of the company’s core VW brand, Herbert Diess, as new CEO, the source stated on condition of anonymity. Diess is going to replace Matthias Mueller.