VW says chairman Piech is not quitting in coming months

Article by Anita Panait, on September 9, 2013

Volkswagen denied a report by German business daily Handelsblatt that its supervisory board chairman is planning to quit in the next few months due to health reasons. The paper cited sources close to VW chairman Ferdinand Piech as saying that he would likely step down in the coming months. VW spokeswoman, however, remarked that Piech “is in the best of health and will remain supervisory board chairman of Volkswagen for a long time."

Piech has tagged VW chief executive Martin Winterkorn, who is leading the carmaker until the end of 2016, as his preferred successor as chairman, Handelsblatt said. On this matter, VW’s spokeswoman said that Winterkorn will remain CEO “for a long time,” adding that any further speculation is “superfluous."

According to the daily, VW’s current chief financial officer Hans Dieter would succeed Winterkorn as CEO for a short time, after which Audi CEO Rupert Stadler would rise to hold the top honcho’s post at VW.

Handelsblatt said that VW’s supervisory board will be at the end of September, until which the carmaker will only focus on the Frankfurt motor show slated next week. Piech has been on top of things at Volkswagen for around 20 years, then as chief executive and now as chairman.

Piech has been credited for transforming Volkswagen into the third-largest carmaker in the world, as he oversaw acquisition of luxury brands like Bentley and Lamborghini. During his time, VW was able to expand its reach while lowering engineering costs across all brands via an innovative new platform strategy.

Topics: vw

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries