VW's Jonathan Browning out, Michael Horn named President & CEO

Lots of top job shake ups this week. In a surprising turn over at Volkswagen of America, President and CEO Jonathan Browning has announced that he is leaving the company and will be replaced by Michael Horn. Horn will assume the President and CEO position effective January 1st.

Browning came to Volkswagen in 2010 after a distinguished career at both Ford and General Motors. During his time at VW, he oversaw 23 percent gain in 2011 and an additional 30 percent rise for 2012. This year,  sales of Volkswagen, Porsche, Audi and Bentley models are up 1 percent in a market that’s risen 8 percent. Sales at VW  have been falling for the last 8 months.

Michael Horn who will replace Browning, has been with Volkswagen since 1990. And is currently head of Volkswagen Global After Sales. A position he has been in since 2009.

Browning says that he is leaving the company for personal reasons and is planning to return to England.

Source: Automotive News.

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