May 16, 2018 / 10:16 AM / 9 days ago

Volkswagen trucks CFO quits for personal reasons, no successor yet

BERLIN (Reuters) - The finance chief of Volkswagen’s (VOWG_p.DE) truck and bus division has resigned from his position for personal reasons, a spokeswoman said on Wednesday.

FILE PHOTO: Rear view of the 2019 Volkswagen Atlas pickup truck as it is presented at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Shannon Stapleton

Matthias Gruendler, CFO of VW’s trucks arm which combines the MAN and Scania brands and a Brazil-based commercial vehicles business, has already been released from his duties, the spokeswoman said, adding that a successor has not yet been found.

    Volkswagen has said it could list its trucks business as part of expansion plans for the division, or issue debt.

    U.S. trucks peer Navistar International Corp (NAV.N) said in a public filing last Friday that Gruendler planned to resign from the firm’s board of directors, adding that his decision to quit was not related to any disagreement with his employer over strategy or operations.

    Reporting by Andreas Cremer; Editing by Maria Sheahan

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