VW picks Browning as U.S. CEO

Volkswagen Group of America announced today that Jonathan Browning, 51, has been named president and CEO effective October 1.

He is currently responsible for the global directing of the Volkswagen Group's national sales companies.

"Volkswagen will play an even stronger role in the important U.S. market going forward," said Christian Klingler, a member of the Board of Management of Volkswagen AG for sales. "Jonathan Browning is an acknowledged expert on this market, its customers and its sales structures."

Browning succeeds Stefan Jacoby, who has left the company. Browning has held numerous executive sales and marketing posts worldwide at General Motors and Ford Motor Co. He moved to the Volkswagen Group in June 2010.

Volkswagen is investing $1 billion in the new Chattanooga plant.

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