New CEO Müller to Put VW Scandal in Rearview Mirror
In the wake of its well-publicized emissions scandal, German automaker Volkswagen hired former Porsche head Matthias Müller as its new CEO. Müller replaces Martin Winterkorn, who resigned after the company admitted it equipped 11 million VW diesel passenger and commercial vehicles with software designed to bypass emissions test results. He will be tasked with restoring the reputation of the automaker and navigating possible lawsuits and fines from the US government. Prior to leading VW’s Porsche division since 2010, Müller was group head of product planning. He joined Audi, also a VW subsidiary, in 1971.
Ralph Lauren to Step Down, Introduces New CEO to the Stable
Best known for its “preppy” Polo brand, Ralph Lauren Corp. announced American fashion icon Ralph Lauren is stepping down as CEO after nearly 50 years at the helm. The high-end apparel company named Sweden’s Stefan Larsson, most recently global president of Gap Inc.’s Old Navy division, to succeed Lauren in November. Prior to his three years with Gap, Larsson spent 15 years with Swedish retailer Hennes & Mauritz (H&M), where he served as an executive in various product and operational roles. He is credited with successfully bolstering the Old Navy and H&M businesses and is expected to play a key role in rejuvenating the otherwise receding presence of Ralph Lauren in the fashion industry. Although appointed to the top executive post, Larsson will report to Lauren, who will remain with the company as executive chairman and chief creative officer. Other executive changes include the departure of president and COO Jackwyn Nemerov, who is retiring in November.
Sean Atkins Wants His MTV and to Be Its President Too
Cable-TV network MTV appointed media veteran Sean Atkins as its new president. Joining MTV from Discovery Communications, Atkins will oversee the network’s operations, as well as sister networks MTV2 and mtvU. He brings years of leadership experience to his new role, most recently as general manager and EVP of digital media and strategy at Discovery. Atkins also served as SVP digital media at HBO, was head of programming at Yahoo! Entertainment, and held management positions at Warner Bros. and Disney. MTV, originally launched in 1981 as a music video channel, is today a unit of media giant Viacom and produces a variety of entertainment programming geared toward teens and young adults.
Look for more Executives on the Move next week!