VW’s supervisory board has an opportunity to give stakeholders and investors clarity regarding the automaker’s long-term future while simultaneously setting up the world’s second-largest automaker for even bigger financial gains. The trick will be picking the perfect chairman.“With the right kind of leadership, we believe VW could raise profitability significantly,” wrote Bernstein analyst Max Warburton on Sunday, the day after Ferdinand Piech resigned as VW Group chairman. Piech lost the support of key VW power players when he tried to remove Martin Winterkorn as VW Group CEO.
Ex-union boss Berthold Huber is interim chairman. He will lead the company’s annual meeting on May 5 in Hanover, but he’s not the likely successor to Piech.
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