Volkswagen Board Leaders Back CEO Winterkorn After Struggle

April 17, 2015 10:06 AM

52 0

The leadership of Volkswagen's supervisory board has backed CEO Martin Winterkorn and proposed extending his contract — a week after company patriarch Ferdinand Piech appeared to raise doubts over his future.

A statement released Friday by the board said Winterkorn is the best possible chief executive for Europe's biggest automaker. It said leaders will recommend to the full board that Winterkorn's contract be extended next year.

Also read: Former Wells Fargo CEO Stumpf resigns from Chevron, Target board seats

Read more

To category page