Volkswagen chairman Piech still planning to oust CEO Winterkorn; undermines position as chairman
Volkswagen Chairman Ferdinand Piech is still looking to oust Martin Winterkorn from his position as CEO of the listed German auto-manufacturer, Der Spiegel online reported. The German publication said several unnamed members of the VW supervisory body said Piech is still planning to oust Winterkorn, and is no longer tenable as chairman. Spiegel said it had learned that at the beginning of the week Piech had asked Porsche Matthias Mueller to get ready to takeover at VW, which would be a clear breach of the decision of the executive committee of the supervisory board.
The six member executive committee of the supervisory board forms the core of the 20 member supervisory body. Its members are Piech, Lower Saxony Minister President Stephan Weil, Wolfgang Porsche, former IG-Metall chief Berthold Huber, works council chief Bernd Osterloh and his deputy Stephan Wolf, the report noted.
Earlier this week Piech had denied planning to oust Winterkorn, the report stated.
Link to article in German : {http://bit.ly/1I8QYHK}