There has been significant interest in Gernot Döllner net worth. Find out how much the strategy chief of Volkswagen group earn and how much he will get paid as the new CEO of Audi.
Luxury brand Audi appointed Gernot Döllner as its new CEO on Thursday. He succeeded Markus Duesmann, who had been in that position since April 2020.
The new change is set to take effect on 1 September 2023. Döllner holds a degree in mechanical engineering and has experience working for several Volkswagen Group subsidiaries, including Porsche and Volkswagen.
He is regarded as one of Oliver Blume, CEO of the VW Group, and Porsche’s closest associates.
The new CEO will be in charge of putting Audi’s “Vorsprung 2030” strategy, which emphasizes electrification, digitization, and sustainability, into action and promoting it.
But have you ever wondered how much these luxury brand CEOs make? Let’s find it out below.
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Gernot Döllner Net Worth 2023: Audi CEO Salary
While there is no reliable information about his precise net worth, we assume he is well compensated for his role.
As reported by Comparably, the average annual salary of Audi’s chief executive is $236,419. However, the individual’s paycheck differs according to their skills and expertise in the field.
Gernot Döllner will be rewarded with a fat paycheck as the new Audi CEO. (Image Source: Stuttgart Zeitung)
With base pay and bonuses, the typical anticipated salary for executives at Audi is $238,906, or $114 per hour. However, the highest-paid executive at Audi earns $700,000 per year, while the lowest-paid earns $50,000.
He is responsible for strengthening Audi’s product strategy and its position in important markets, especially in the field of electrification.
As one of the key members of the luxury brand Audi, it is given that he will be rewarded handsomely.
According to The New York Times, three years ago, Mr. Duesmann was transferred from BMW to Audi in the hopes that he would assist the company in innovating and boosting sales of its electric cars.
Herbert Diess was the CEO of Volkswagen before Oliver Blume took over in September.
As the brand dealt with a chips shortage brought on by supply chain problems associated with the coronavirus pandemic, the firm decided to prioritize its higher-end automobiles above more reasonably priced cars, which resulted in a 40% increase in earnings to 7.6 billion euros, or $8.3 billion, in 2022.
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Gernot Döllner Salary As A Strategy Chief of Volkswagen Group
Gernot Döllner is the strategy chief of Volkswagen Group and the new CEO of Audi, who will assume office on 1 September.
As per Glassdoor, a strategy manager at Volkswagen Group in America makes between $141K to $223K as their average annual salary.
Thus, Dollner must also make more than this as a strategy chief at the group.
Gernot Döllner seems to have accumulated a hefty sum of money throughout his career. (Image Source: Audi MediaCenter)
Moreover, Doellner, a longtime employee of the Volkswagen Group, began working for the organization in 1993 as a Ph.D. student and worked his way up to become head of product development at Porsche.
From 2011 to 2018, he oversaw the Panamera line, and in 2021, he was named head of product planning at Volkswagen AG.
As reported by Reuters, Duesmann’s replacement marks the second significant leadership change at Volkswagen Group under Chief Senior Oliver Blume, who also hired Peter Bosch as the software business Cariad’s CEO after firing all but one of the senior staff there.
With the goal of producing solely electric vehicles starting in 2026, Audi is now developing the last generation of combustion engine models while introducing ten new electric models to its range.
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