Thomas Schäfer appointed new Chairman of ŠKODA AUTO’s Supervisory Board

› Thomas Schäfer, Chairman of the Board of Management of Volkswagen Passenger Cars and Head of the ‘Volume’ brand group , succeeds Murat Aksel, who is stepping down as Chairman but will remain a member of the Supervisory Board
› Schäfer: “ŠKODA is a strong brand with a clear profile within the Volume brand group and will play its part in leveraging synergy potential.”
› The ‘Volume’ brand group has a clear goal: to reduce costs and complexity

Mladá Boleslav, 15 July 2022 – Thomas Schäfer, Chairman of the Board of Management of Volkswagen Passenger Cars and Head of the ‘Volume’ brand group, will be taking over as Chairman of ŠKODA AUTO’s Supervisory Board on 15 July. He succeeds Murat Aksel, who will be stepping down as Chairman while remaining a member of the supervisory body. This step will further intensify and accelerate the cooperation within the ‘Volume’ brand group in order to leverage synergy potential. The aim is to significantly and sustainably reduce costs and complexity.

“At the Group level, ŠKODA is responsible for emerging markets, such as India and North Africa, and for projects like developing the next generation of the VW Passat and ŠKODA SUPERB. Its responsibility for the MQB A0 Global Platform also shows how strongly the brand is established within the Group. Within the ‘Volume’ brand group, ŠKODA plays a vital role, and its expertise will make a significant contribution to leveraging synergy potential. The goal is clear: To significantly and sustainably reduce costs and complexity through close cooperation among the brands.”

Thomas Schäfer, ŠKODA AUTO Supervisory Board Chairman

The ‘Volume’ brand group consists of the Group brands Volkswagen Passenger Cars, ŠKODA, SEAT/ Cupra and Volkswagen Commercial Vehicles. Since the first quarter of this year, the results of the Volume brand group have been reported separately in the Volkswagen Group’s quarterly report. Thomas Schäfer was recently elected Chairman of the Advisory Board of Volkswagen Commercial Vehicles and Chairman of the Supervisory Board of SEAT/Cupra.

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