Winterkorn expected to see out his contract as VW CEO - Müller, CEO of Porsche, favoured to
Volkswagen Chairman Ferdinand Piëch has thrown the future leadership of the company into question
with his withdrawal of support for VW CEO Martin Winterkorn.
Winterkorn, 67, has been in place since 2007, and was expected to take over from 77 year old
Piëch when he retires in 2017.
The news emerged following a Piëch interview with German magazine Der Spiegel in which Piëch said he
was “keeping himself at a distance” from the CEO.
Some of the various factions on the Volkswagen board have made it clear that Piëch doesn’t have a majority
of the votes.
Lower Saxony, with one-fifth of the shares, was with Winterkorn, as were some Porsche
controlling family members and union boss Bernd Osterloh too...more
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