VW Ousts CEO Müller, Promotes Brand Chief to Top Role

Mony
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BERLIN—Volkswagen AG’s board ousted Chief Executive Matthias Müller and replaced him with Herbert Diess, who quietly orchestrated a boardroom coup as he also was rebuilding the company’s namesake brand.

The move comes nearly three years after Volkswagen admitted to rigging 11 million diesel-powered vehicles to cheat on emissions tests, sparking a massive recall, criminal prosecutions and costing the company more than $25 billion in fines, penalties, consumer compensation and legal fees.

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