Porsche SE to oust Ferdinand Piech from leading board role

Ferdinand Piëch

A source has said that the removal of Piëch could also signal the departure of Audi boss Rupert Stadler

Former Volkswagen Group chairman Ferdinand Piëch may be removed from his role as head of the Porsche SE supervisory board, possibly also triggering the removal of Audi boss Rupert Stadler.

According to German newspaper Bild am Sonntag, Porsche SE, which is the majority shareholder of the Volkswagen Group, has left Piëch off of the list of candidates shareholders can vote for in upcoming leadership elections.

A source told Autocar that his departure could lead to Stadler being removed from his leading position at Audi, because Piëch, who is the grandson of Ferdinand Porsche, had been pushing back on moves to oust him.

Piëch assumed his current role following his departure from the top role in the Volkswagen Group in 2015. At the start of 2017, it was revealed that Volkswagen is considering taking legal action against Piëch after reports claimed he told then boss Martin Winterkorn about the dieselgate emissions scandal before it came to light in 2015.

Why Piëch left Volkswagen in 2015

Source: Autocar Online

Leave a Reply

Your email address will not be published. Required fields are marked *

four × two =