Monday 27 April 2015

Seismic shift in Volkswagen’s power structure-Ferdinand Piech resigns

Ferdinand Piech, a lofty figure at Volkswagen for over 20 years as its chairman on Saturday once losing a encounter he had aggravated with Chief Executive Martin Winterkorn, ending associate era at the long-lasting German auto maker.
volkswagen
He was isolated during a five-to-one vote of Volkswagen's committee last week, as labor representatives. Piech resigned with immediate result from all his roles at Volkswagen together with as a normal superior member, as did his second woman Ursula, a former nanny who joined the supevisiory board in 2012.

Source: Autobei

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