Board member Hans Dieter Pötsch adds, effusively, "Together with his team, he also fundamentally realigned the Group's strategy, initiated cultural change and, with great personal commitment, made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before".
Volkswagen said it was breaking the business into six new vehicle divisions and a special portfolio for the China region.
It is not clear to what extent any restructuring plans for the Volkswagen Group - which includes the VW, Audi, Seat and Skoda brands - will be decided at the board meeting, expected to start at 1500 GMT and last late into the night.
Oliver Blume, CEO of Porsche, joins the Group Board of Management, and takes on the responsibility for group production. The company did not detail the fifth and sixth business divisions ahead of a news conference scheduled for 10:30 a.m. (0930 GMT) Friday.
Chief Executive Matthias Mueller is set to be replaced by VW brand boss Herbert Diess after failing to refocus the group's portfolio of auto brands, ranging from Skoda to Lamborghini.
With about 642,000 employees, VW is one of the world's largest companies in every respect.
Mueller held the top job for more than 2½ years after succeeding CEO Martin Winterkorn, who was ousted days after the company's diesel pollution scandal was exposed in September 2015.
The sprawling corporate network of Volkswagen now employs more than 600,000 staff across the world and includes the brands Volkswagen, Audi, Porsche, Skoda, Seat, Bugatti, Lamborghini and Bentley, as well as a truck producers MAN and Scania.
The automaker's share price has since recovered, but some lawsuits are still pending.
"It's right for VW to look in a new direction", judged analyst Juergen Pieper of Metzler bank.
Shares in Volkswagen closed almost two percent higher to 176.60 euros ahead of the closely-watched board meeting, outperforming the Dax index of leading shares that was up almost one percent. One hypothesis is that it all comes down to Diess being an outsider, someone who was not intimately involved in the plot to deceive regulators about diesel emissions.
Suspicions of emissions cheating have also spread to other carmakers, shattering diesel's image as a clean engine and prompting several smog-clogged German cities to mull diesel driving bans.
He will head up the management board that reports to the group's board of directors and take charge of vehicle development and research as well as vehicle-related information technology.
Described as highly ambitious, Diess has earned a reputation as a fierce cost cutter unafraid of pushing through big changes.
The outlet also said the National Highway Traffic Safety Administration (NHTSA) also eventually launched its own investigation. Musk says he is sleeping on the factory floor, as he did in Y 2016 when Tesla was struggling to produce the Model X crossover.
Kovac led Eintracht to the final of the DFB-Pokal last season, although Borussia Dortmund proved too strong and won 2-1. " Niko Kovac will be the new coach from July 1, 2018", said Bayern sports director Hasan Salihamidzic in a statement .
Chelsea have made contact with Napoli coach Maurizio Sarri about replacing Antonio Conte, according to reports. He told Daily Mail , "What was working last season with Conte suddenly can not work this season".
And just like a lot of moms we know, Maile's arrival didn't follow the birthing plan Duckworth and her doctor created together. Only 10 women have given birth while serving on the House of Representatives , Duckworth being one of them in 2014.
But according to IPL sources, Visakhapatnam is front-runner from among alternate venues, with Pune and Rajkot being the others. In the fifth match of the Indian Premier League, Chennai Super Kings defeated Kolkata by 5 wickets on their home turf.
Never prolific, Forman's output slowed even more after " Amadeus ", and his three subsequent films were disappointments. They were named after comedian Andy Kaufman and Jim Carrey, who played the part of Kaufman in " Man on the Moon ".
Targeting the BJP over the incidents, Congress leader Randeep Surjewala said that Modi government does not deserve to be in power. DMK party men hoisted black flags atop their houses to condemn Prime Minister Narendra Modi visiting Tamil Nadu on Thursday.
There will be only so much the Jones County Junior College Bobcats can do for spring football practice this season. Winning the senior girls' AAA high school basketball championship for the third time ever for R.D.
Here Are A Couple Of New 'Avengers
Hiddleston said, "I just think Jeff Goldblum created such a fascinating and hilarious character". The Infinity War edition of Birth.Movies.Death. magazine is on sale now .
Google working on expiring emails for Gmail
Google has provided information related to new design and possible features to its G Suite administrators recently. Mashable said that Google has left no hints as to what the update will mean for your personal email use, though.
Parliament logjam: BJP on Fast to Save Democracy
What exactly have they done for Goans in Parliament? The Modi-led fast by the BJP left the Shiv Sena in a tight spot on Thursday. "It was embarrassing to see Saamna criticising the fast and a Union minister sitting on stage with BJP ".
Matt Davidson returns for White Sox on Tuesday
The 2018 baseball season is not even two weeks old, but it appears Chicago White Sox fans are already disinterested. Jose Abreu hit a three-run homer off Rays closer Alex Colome , capping a four-run rally in the ninth.