Gernot Döllner net worth has sparked considerable interest. Learn how much the Volkswagen Group’s strategy head earns and how much he will be paid as Audi’s new CEO.
On Thursday, luxury brand Audi named Gernot Döllner as its new CEO. He took over for Markus Duesmann, who had held the role since April 2020.
The new rule will go into effect on September 1, 2023. Döllner has a mechanical engineering degree and has worked for various Volkswagen Group businesses, including Porsche and Volkswagen.
He is considered one of the closest allies of Oliver Blume, CEO of the Volkswagen Group, and Porsche.
The next CEO will be in charge of implementing and publicizing Audi’s “Vorsprung 2030” strategy, which emphasizes electrification, digitization, and sustainability.
But have you ever pondered how much these CEOs of premium brands earn?
Gernot Döllner Net Worth 2023: Audi CEO Salary as of 2023
While there is no accurate information on his exact net worth, we think he is adequately compensated for his work.
According to Comparably, the average yearly income of Audi’s CEO is $236,419. The individual’s remuneration, however, varies according to their skills and knowledge in the industry.
With base pay and bonuses, the average expected remuneration for Audi executives is $238,906, or $114 per hour. The highest-paid executive at Audi, on the other hand, gets $700,000 per year, while the lowest-paid receives $50,000.
He is in charge of enhancing Audi’s product strategy and market position, particularly in the electrification sector.
As a prominent member of the luxury company Audi, he will undoubtedly be compensated handsomely.
According to The New York Times, Mr. Duesmann was transferred from BMW to Audi three years ago in the hopes that he would help the firm innovate and increase sales of its electric vehicles.
Oliver Blume succeeded Herbert Diess as CEO of Volkswagen in September.
As the company dealt with a chip shortage caused by supply chain issues related to the coronavirus pandemic, it decided to prioritize its higher-end vehicles over more reasonably priced vehicles, resulting in a 40% increase in earnings to 7.6 billion euros, or $8.3 billion, in 2022.
Gernot Döllner Salary As A Strategy Chief of Volkswagen Group
Gernot Döllner is Volkswagen Group’s strategy leader and the new CEO of Audi, taking office on September 1.
According to Glassdoor, the typical annual compensation for a strategy manager at Volkswagen Group in America ranges from $141K to $223K.
As a result, Dollner must earn more as the group’s strategy leader.
Furthermore, Doellner, a veteran Volkswagen Group employee, started as a Ph.D. student in 1993 and worked his way up to become Porsche’s head of product development.
He handled the Panamera line from 2011 to 2018, and he was named head of product planning at Volkswagen AG in 2021.
According to Reuters, Duesmann’s replacement is the second substantial leadership move at Volkswagen Group under Chief Executive Officer Oliver Blume, who also appointed Peter Bosch as CEO of the software company Cariad after removing all but one of its senior executives.
Audi is now creating the last generation of combustion engine cars while adding 10 new electric models to its lineup, with the goal of producing entirely electric vehicles beginning in 2026.
