Ford Inside News banner
1 - 2 of 2 Posts

·
Mercury C557
Joined
·
22,734 Posts
Discussion Starter · #1 ·
Piech resigns as VW chairman after failing to oust CEO - Automotive News
Board: 'Mutual trust ... no longer there'
April 25, 2015 - 12:38 pm ET -- UPDATED: 4/25/15 1:06 pm ET - adds details


FRANKFURT (Reuters) -- Volkswagen's supervisory board Chairman Ferdinand Piech unexpectedly resigned on Saturday after losing a showdown he provoked with VW CEO Martin Winterkorn... ...

... ...Deputy Chairman Berthold Huber will temporarily assume leadership of the board until the election of a new chairman, Volkswagen said, adding that Piech's wife Ursula had also resigned from her posts at the group.
 

·
Mercury C557
Joined
·
22,734 Posts
Discussion Starter · #2 ·
background for those who don't care about DubDub - like me - other than Audi...

Volkswagen chairman Ferdinand Piech resigns - Money.CNN.com
By Mark Thompson

...Piech is one of Volkswagen's largest shareholders. His wife, Ursula Piech, has also resigned from her duties at the company.

Piech has long held the reins of the company and his resignation signifies the end of a power struggle.

A grandson of Ferdinance Porsche, Piech became chairman and CEO of Volkswagen in 1993 and turned it into a global giant, by adding other top tier car brands into his fold such as Lamborghini and Bentley adding new life to brands like Bugatti...
 
1 - 2 of 2 Posts
Top