March 10, 2016—Volkswagen Group of America announced Thursday the departure of Michael Horn, president and chief executive officer.
Horn will leave through mutual agreement to pursue other opportunities, effective immediately. Horn has over 25 years of experience with Volkswagen Group and assumed the role of president and CEO of Volkswagen Group of America in January 2014.
“I want personally to say ‘thank you’ to Michael Horn for the great work he has done for the brand and with the dealers in the United States,” said Herbert Diess, CEO of Volkswagen brand. “During his time in the U.S., Michael Horn built up a strong relationship with our national dealer body and showed exemplary leadership during difficult times for the brand.”
Hinrich J. Woebcken, recently announced as the new head of the North American region and chairman of Volkswagen Group of America, will serve as interim president and CEO of Volkswagen Group of America.
