Duzman, former global purchasing director of BMW, will be CEO of Audi

Posted 2025-05-18 00:00:00 +0000 UTC

Volkswagen's supervisory board will appoint Markus duesmann, the former head of BMW's global sourcing and suppliers, as chief executive of its luxury brands, the German Business Daily reported, citing group sources. According to the report, VW's supervisory board is expected to make the decision on November 15. Duzman will start his new job in April next year at the latest. According to the public information, duzman, 50 years old, is an engineer. He joined the group in 2007 and worked in the former BMW Sauber F1 team. From 2010 to 2016, he was responsible for the research and development of BMW powertrain, as the driving dynamics director and powertrain director. From October 1, 2016, he served as the director of BMW Group, in charge of procurement and supplier network. Duzman's contract with BMW lasts until September 30, 2019. BMW has said that duzman has informed the company's board of supervisors that it will not renew its contract with BMW due to personal reasons. As early as last July, Volkswagen Group officially announced that it had decided to hire Mr. duzman as Audi's CEO, "and Mr. duzman, a member of BMW's procurement and supplier network management committee, will immediately serve as a member of the Volkswagen Management Committee if circumstances permit.". However, BMW refused to terminate duzman's term earlier because of the limited competition clause in the contract. Duzman's accession to Audi means that he is the third BMW executive to join Volkswagen Group after Didier. In April last year, Volkswagen group appointed the CEO of Volkswagen brand, DESs, to replace Matthias Mueller as the new CEO of Volkswagen Group. Disneyland joined Volkswagen in September 2015. In January, VW announced that Hildegard Wortmann, a former BMW executive, was in charge of Audi's sales and marketing efforts from July 1. At present, Audi is hoping to introduce duzman to lead the brand out of the image of "emissions scandal". In June last year, Rupert Stadler, Audi's former chief executive, was arrested by prosecutors on suspicion of concealing data in a diesel vehicle emissions fraud. He is the top executive of Volkswagen group arrested for cheating scandal so far. Audi then appointed global head of sales and marketing, Bram schot, as interim chief executive. In December last year, Audi's board of supervisors formally appointed short as Audi's CEO, with the term of office effective from January 1, 2019. According to German business daily, the CEO of Volkswagen group thinks that duzman is the best choice for Audi CEO. After duzman takes office, Schott's future has not been determined, and he may stay on Audi's board of directors, but the possibility of leaving Audi is not ruled out. According to the official data released by Audi, from January to October this year, Audi delivered about 1506250 vehicles worldwide, down only 1.2% year on year, while the sales volume in China reached 551194 vehicles, up 2.1% year on year, continuing to be the largest single market of Audi in the world. Audi's revenue in the first three quarters of this year was 41.3 billion euros, down 6.8% from 44.3 billion euros in the same period of last year; its operating profit was 3.239 billion euros, up 12.8% from 2.871 billion euros in the same period of last year, with an operating profit margin of 7.8% higher than 6.5% in the same period of last year; its pre tax profit increased to 36.68 million euros, with a net cash flow of 3.271 billion euros. Audi has lowered its "challenging" sales forecast for 2019. Currently, Audi expects "a slight increase" in deliveries throughout 2019. In its second quarter report, it had expected "moderate growth.".

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