Tag Links: winterkorn, piech, VW

SHARE THIS ARTICLE

Volkswagen AG's top supervisory board group backed CEO Martin Winterkorn, defusing a power struggle with Chairman Ferdinand Piech.

The leadership committee of the German automaker's supervisory board said Winterkorn, 67, was the "best possible" chief executive and had the group's "full support," the six-member body said today in a statement.

The committee, which comprises Piech and five other members, plans to propose to the full board in February that Winterkorn's contract be extended beyond 2016.



Read Article


Volkswagen Advisory Council Backs Winterkorn In Opposition To Chairman

About the Author

Agent009