Diess's downfall
The dramatic ouster of VW Group CEO Herbert Diess played out over 7 days
July 16-17: VW board members discuss whether Diess should be replaced while he is in U.S.
July 20: Key board members decide Diess must go. Porsche CEO Oliver Blume emerges as successor
July 21: Diess told of decision, given 24 hours to respond
July 22: VW board votes unanimously for Diess's ouster
Volkswagen Group's dramatic move to oust its combative CEO, Herbert Diess, was set in motion a week ago, when his backing from the billionaire Porsche and Piech family began to crumble.
