By Olivia Bugault

Volkswagen AG said late on Monday that its supervisory board agreed to reorganize the management board of the company.

The German car maker said it will create a new board-of-management function focused on technology, which will be led by Thomas Schmall, chief executive officer of Volkswagen components, as of January.

On the same date, board of management member Murat Aksel will be taking over the purchasing division, the company said.

Dr. Arno Antlitz, who is a member of the board of management of the group's Audi brand, earlier on Monday was appointed to the company's management board effective end of June. He will succeed Frank Witter as chief financial officer of the company, the group said.

Volkswagen's supervisory board also gave its support for the implementation of the Together 2025+ strategy. "The Chairman of the Board of Management and his new Board of Management team have the Supervisory Board's full support not only when it comes to the new orientation towards electromobility and digitalization, but also the increase of efficiency and profitability in all brands and parts of the Group," the supervisory board said after its meeting on Monday.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

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