In the power struggle at Volkswagen are no quick solution emerges. On Thursday, the inner circle of the VW supervisory board met to discuss a way out of the crisis of leadership. The six-member board of the Monitoring Board met in Salzburg, Austria. After dpa information, the Panel will make a statement on Friday. This would happen “during the day”. Go to content first nothing
was known. The Bureau shall, with its six core of the 20-member Supervisory Board. Whether the explanation is only intermediate states or to take away the leadership crisis in the group after about a week stalemate, was on Thursday evening uncertain.
Six days after Volkswagen Supervisory Board Chairman Ferdinand Piëch CEO Martin Winterkorn had publicly withdrawn from the trust, the two opponents met today for the first time in person with each other.
took part alongside Ferdinand Piëch and Wolfgang Porsche (both Speaker of the respective families) and group works council boss Bernd Osterloh and his deputy Stephan Wolf and the former IG Metall leader Berthold Huber and Prime Minister of Lower Stephan Weil (SPD).
According to information from business circles Martin Winterkorn participates in the meeting of the six most influential executive directors. And appeared before even combative than in the previous days. The CEO’m not going to grovel, it said in advance of its environment. His successes justify disassembly in any way, he’ll fight.
The “Frankfurter Allgemeine Zeitung” reported with reference to the business community even Winterkorn wants with the requirement a contract extension go to the call.
crisis summit near Salzburg
The crisis summit took place near instead of Salzburg. Live there or in the surrounding area Ferdinand Piëch and Wolfgang Porsche. A home advantage had Piëch but not so. He had to adapt to harsh opposition, he should have had the goal Winterkorn as his successor prevent at the top of the Supervisory Board and previously oust him as CEO want to.
Because the meeting due to the entrenched protracted and potentially could continue for the next day, must be Set Ferdinand Piëch to a rather drab birthday. He is 78 years old on Friday, but a celebratory mood is likely to be difficult to adjust in Salzburg. At the end Piëch experienced for his birthday his first major defeat -. The successful resistance of winter grain
The Group’s five other members of the Bureau immediately after Piëch’s statement last Friday he was “at a distance” to Winterkorn, backed the CEO. Especially Osterloh, Weil and Wolfgang Porsche had demonstratively strengthen his back. But Piëch is a renowned strategist and despite his 77 years as mentally fit as a fiddle. “The will not go into such a conversation without a trump card. He has won all the infighting. And he has not lost its bite in old age”, says the company.
Winterkorn, Volkswagen significantly advanced
Also in the Porsche family environment stated: “One should not underestimate Ferdinand Piëch.” Guesswork out there now but about how it wants to succeed Patriarch Winterkorn depose against the majority of the Executive Committee. For that Piëch will let the sentence he was “at a distance” to the CEO, deeds and thus concretely pushing for changes in the management team, is unquestionable. The statement is not reckless or fallen in affect, as all observers agree.
But it would be hard to find a reason for dismissal of winter grain to find. Volkswagen had recently reported a sales and sales record again. For years, the carmaker grows and earns billions. The goal to overtake Toyota is nearing
Under Winterkorn’s a good eight years of Aegis -. He in 2007 CEO – laid the deliveries of today’s biggest car manufacturer in Europe to 64 percent, sales by 86 percent, the operational result, there was even a fourfold increase. On taking office, the Group had 329,000 employees. Today, there are, also thanks to four new brands, nearly 600,000.
VW but also has some problems
Without question, the VW group also has weaknesses. “But there are in a company of this size almost inevitable,” says Frank Schwope, auto analyst at Northern LB. Piëch she sees but apparently as so serious that he will not longer tolerate at the top Winterkorn.
It is true that the Wolfsburg not in the US are as successful as the competition that the VW brand hardly earned money that the cooperation of the truck daughters MAN and Scania takes longer than what you wish for at Volkswagen. But is that enough to fire the CEO?
The German stock corporation law is clear on the matter. It says: “The Board may revoke the appointment of Board members and the appointment of the chairman of the board, if there is good cause, such cause would be gross breach of duty, inability to proper management or a vote of no confidence by the Annual General Meeting ….”
Annual General Meeting on May 5, can make decision
The General Assembly meets on 5 May. So far there has been no occasion, Chairman to withdraw confidence. Of gross dereliction of duty, in Martin Winterkorn really out of the question.
Piëch have to find another reason. Perhaps the that he just wants another strong man at the top. Because he Winterkorn visionary enough is not because he does not trust him to advance the big issues such as alternative and connected cars fast enough?
Piëch is more powerful than all other people at Volkswagen, but he is not omnipotent. Much will depend on how he justifies his distance from Winterkorn -., And from whom he proposes as a possible successor
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