While dealing with Volkswagen AG’s legal woes over the last 1 1/2 years, Chief Executive Officer Matthias Mueller was able to claim that he was not personally caught up in investigations. That has now changed, potentially complicating his efforts to turn the page on the biggest scandal in the German automaker’s recent history.
Mueller, brought in at the height of the crisis in the fall of 2015 to replace then-CEO Martin Winterkorn, is under investigation by German prosecutors over whether he should have been faster in pushing to notify Porsche SE shareholders about the crisis, a person familiar with the matter said on Wednesday. Porsche SE is a holding company that controls VW, and Mueller at the time was the head of the Porsche brand and a board member at Porsche SE. A spokesman for Mueller said he wasn’t aware of the investigation.