VW chairman sparks potential battle over CEO position

April 13, 2015 4:23 PM

51 0

A leadership dispute appears to be brewing within Volkswagen Group's top ranks, potentially threatening Martin Winterkorn's position as chief executive.

Supervisory board chairman Ferdinand Piech sparked the controversy when he told Der Spiegel that he had 'distanced' himself from Winterkorn. Piech did not provide any context, but the comment has been widely interpreted as a sign that he has lost confidence in the chief executive.

Also read: Caterpillar CEO to Step Down at Year’s End

Read more

To category page