The change of boss in the Wolfsburg Volkswagen Group had made waves in recent weeks.

CEO Herbert Diess was followed by Oliver Blume, who is to lead VW to his role as head of Porsche.

Europe's largest car manufacturer is now continuing the personnel reorganization in important functions at brand level, specifically: in the core brand VW, which recently sold 4.9 million cars a year and thus accounts for more than half of the sales in the entire group.

Christian Muessgens

Business correspondent in Hamburg.

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According to information from the FAZ, Patrik Andreas Mayer is to become the new CFO of the brand in Wolfsburg.

He replaces Alexander Seitz, who is moving to the other side of the Atlantic and is to be appointed Executive Chairman of Volkswagen Group South America.

As reported by informed circles, the change should take place at the beginning of October.

A spokesman for the VW brand did not want to comment on this to the FAZ on Monday.

More cooperation with Škoda or Seat

The new chief financial officer, Mayer, is a typical homegrown figure that can often be found in the management circles at VW.

He began his career in the 1990s as an international trainee in the Group and then worked his way up through various management positions to top management.

Most recently, he was responsible for the finances of Volkswagen Group Russia, which has been facing considerable difficulties since Russia invaded Ukraine.

VW operates a plant in Kaluga, Russia, but has suspended operations in the country as a result of the war.

Seitz worked for Daimler for a long time before joining Volkswagen in 2005.

In his new role in South America, he succeeds Pablo Di Si, who took on a new role on September 1 as head of VW's business in North America, i.e. the United States and Canada.

In the southern part of the American double continent, Seitz's future field of activity, VW has been present for more than 65 years and recently had to struggle with problems in important markets there.

Last year, after a lengthy renovation, the turnaround in earnings was successful, which the new boss now has to build on.

With his departure from Wolfsburg and the arrival of Mayer as the new head of finance, the management team is also being reorganized, with brand boss Thomas Schäfer wanting to trim VW more for efficiency and speed.

In the future, VW is to work even more closely with other high-volume brands such as Škoda or Seat in order to make better use of group advantages and make plant occupancy in the European production network more efficient.

So far, the factories of the individual brands are still heavily focused on their own models.

They should now increasingly change to multi-brand plants in which related vehicles roll off the assembly line, from small cars to sedans.