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Winfried Krause (Photo: VW)

Skoda executive Winfried Krause will become board member for finance and IT at Volkswagen's commercial vehicles division effective August 1.

Krause, 54, is switching jobs with Klaus Dieter Schuermann, 52,, who is taking over Krause's commercial affairs responsibilities at Skoda.

Krause, who holds a degree in business administration, began his VW Group career in sales controllling at Audi in 1991. He subsequently held several finance and controlling functions within VW, both in Germany and elsewhere.

Krause has served as a Skoda management board member since 2010.

Volkswagen Commercial Vehicles (VWN) boosted unit sales 5.7 pc in the first five months of the year to 195,200.

5.7 195,200