- Americans think 22 is the ideal age to get a credit card—but money experts disagree
- California GOP House candidate Kim takes slight lead over Democrat Cisneros in crucial CA race
- 'The whole world economy' is at risk if US-China trade war gets much worse, SocGen chair
- Kavanaugh accuser seeks terms for testimony as deadline looms
- U.S. Justice Department may delay state AG meeting relating to social media: source
Volkswagen AG says Markus Duesmann is joining its management board from German competitor BMW. It isn’t confirming a German newspaper report that the plan is for him to become CEO of the automaker’s Audi unit.
Volkswagen said its supervisory board offered a job to Duesmann, currently the BMW board member overseeing that company’s purchasing and supplier network.
Continue Reading Below
It said in a statement Tuesday he “will take up his new position as soon as he is able to do so. An agreement to this effect has already been signed.”
VW didn’t say what exactly Duesmann’s job will be. German business daily Handelsblatt, citing unnamed company sources, reported that he is slated to become Audi’s new boss.
Audi CEO Rupert Stadler was arrested last month in an investigation of suspected fraud.