The transfer is efficient September 1, and he can be succeeded by Oliver Blume.
Diess’ future at Volkswagen has been unsure on a number of events throughout his four-year stint as CEO, most not too long ago in autumn final yr over clashes with the corporate’s highly effective works council about his electrification technique and administration model.
His departure comes as the corporate is pushing to beat Tesla at changing into the world’s prime electrical automobile maker, atone for software program and execute an IPO for its Porsche sports activities automobile model.
Diess, in a LinkedIn put up earlier than the announcement of his departure, stated: “After a extremely nerve-racking first half of 2022 many people are trying ahead to a well-deserved summer time break.”
Blume stated in an announcement: “My focus can be on the purchasers, manufacturers and merchandise.”