FRANKFURT/BERLIN (Reuters) - Volkswagen (DE:VOWG_p) brand chief Herbert Diess will head up a volume brands division which includes responsibility for Skoda and Seat, two sources familiar with the matter said on Thursday.
The newly-created volume brand group will also include VW's commercial-vehicle division, one of the sources said.
"Diess will get immense power," he said.
Volkswagen's board member for procurement Francisco Javier Garcia Sanz will leave his post, the sources further said.
Porsche Chief Executive Oliver Blume will join the management board of VW Group, one of the sources said.
AutomobilWoche was first to report that Sanz would leave.