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VW Supervisory Board: Hans Dieter Pötsch succeeds Piech

VW Supervisory Board
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D er 64 -year-old Austrian is currently CFO at VW and Porsche and is to take over the management of the control committee, which is currently headed temporarily by Bertold Huber after the resignation of Ferdinand Piëch.

In an extraordinary general meeting in November, according to the proposal the shareholder representative on the supervisory board of Porsche SE Pötsch will be elected to the supervisory board of VW AG and as chairman. The 64-year-old Austrian is to remain CFO of Porsche SE.

Wolfgang Porsche, Chairman of the Supervisory Board of Porsche SE, said: 'Hans Dieter Pötsch has the unreserved trust of the entire Supervisory Board of Porsche SE. With his strategic vision and With his excellent automotive expertise, he has made a decisive contribution to the successful development of Volkswagen AG in recent years. We are convinced that he will continue to drive the strategic development of Volkswagen AG successfully in his future role. '

That too The presidium and the nomination committee of the VW supervisory board decided on Thursday to support the proposal by Porsche SE, which is 100 percent owned by the Porsche and Piëchist families. At the same time you propose to elect Louise Kiesling to the committee at the extraordinary meeting of the Supervisory Board. After Ferdinand Piëch and his wife resigned, she and Julia Kuhn-Piëch were appointed as substitute members by the local court. Kuhn-Piëch will step down from the supervisory board for Pösch.

A few days ago, the presidium of the supervisory board recommended extending the contract of CEO Martin Winterkorn to the end of 2018. This should happen at the upcoming Supervisory Board meeting on September 25, 2015.

Ferdinand Piëch resigned from his position as Chairman of the Supervisory Board after a leadership dispute over the incumbent CEO Winterkorn.


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