Markus Duesmann, Audi CEO, has recently been dismissed. Volkswagen has named Gernot Döllner as the new Audi CEO.
Following the news, many people are eager to learn more about Duesmann Gehalt (salary) and net worth.
Markus Duesmann was former Volkswagen Group Chairman Herbert Diess’s final high-level appointment.
Given that Duesmann had joined the Volkswagen Group from BMW alongside Diess, his dismissal was reportedly anticipated.
Audi announced that Gernot Doellner, who will succeed Markus Duesmann as CEO, will assume the role in September after the luxury automaker’s supervisory board approved a resolution on Thursday.
Audi is Volkswagen Group’s luxury car brand. According to reports, the car costs more than 70K. It is safe to say that many people worldwide would love to own this car if money was not an issue.
Have you ever been curious about what the CEO of Audi makes in salary? Let’s find it out below.
How much is Audi CEO Markus Duesmann Gehalt Net Worth? Salary Revealed!
According to various sources, Audi CEO Markus Duesmann’s net worth is between $25-30 million. He reportedly earns $14,204,877 as an annual salary.
On April 2020, Markus Duesmann was appointed CEO of Audi AG and a member of the board of management of the Volkswagen Group. He took over for Bram Schot, the CEO of Audi since 2018.
During his three years of stint, he seems to have amassed a massive fortune.
As The New York Times, the former chairman of Volkswagen, Herbert Diess, moved Mr. Duesmann from BMW to Audi three years ago. He was anticipated to increase sales of its electric vehicles.
As the company dealt with a chips shortage due to the coronavirus pandemic, it chose to put its higher-end vehicles ahead of more reasonably priced ones, which led to a 40% increase in earnings to 7.6 billion euros, or $8.3 billion, in 2022.
The brand is now reportedly working on the final generation of vehicles with combustion engines. Audi is expanding its inventory with ten new electric models to produce solely electric cars from 2026.
Markus’ termination is also related to it. People Matters reported that he was removed owing to decreased sales in China and a slow deployment of electric vehicle (EV) goods.
A Glimpse of Markus Duesmann Career So Far!
Markus Duesmann was born in Heek, North Rhine-Westphalia, on June 23, 1969.
The departing Audi CEO earned an engineering degree in 1991 after completing his mechanical engineering studies at Muenster University of Applied Sciences.
In 1992, Mr. Duesmann joined at Mercedes-Benz firm in Stuttgart as a design engineer for a V12 series-production engine.
He relocated to the Aachen, Germany-based development service provider FEV GmbH in 1995, where he worked in several capacities, the last of which was head of the engine mechanics division.
He was appointed chief department manager for new diesel engines at DaimlerChrysler AG in Stuttgart in 2004. In 2005, he was appointed head of Formula 1 development at Mercedes-Benz in Brixworth, England.
Duesmann joined BMW AG as the company’s head of Formula 1 powertrain in 2007. He held many accountable positions in that business before serving as a BMW AG Board of Management member for Purchasing and Supplier Network.
Markus became Chairman of the Board of Management of AUDI AG by the Supervisory Board of AUDI AG in April 2020. Mr. Duesmann must have earned significantly throughout his career.
Keep Reading: Gernot Döllner Net Worth 2023: How Rich Is New Audi CEO?