At the VW power struggle, the leadership is expressed by a Elephants meeting in Salzburg: The Group is today a statement on the day-long power play to Firmenpatriarch Piëch and VW CEO Winterkorn. Lowers the Supervisory thumbs over Winterkorn?
It may have already been quieter Birthdays for Ferdinand Piëch. This Friday he is 78 years old – and is right in the center of a leadership crisis at Volkswagen. A crisis that has even conjured up the VW supervisory board, with one of these typical Piëch phrases. Knapp and he ruthlessly dismantled CEO Martin Winterkorn: “I am to distance Winterkorn,” the VW patriarch told the news magazine “Der Spiegel”. One week it’s been now – ever since raging in Wolfsburg, a power struggle.
On Friday will be eagerly awaiting a declaration by the car manufacturer. On Thursday, the inner circle of the Volkswagen Supervisory Board had met at a special meeting in Salzburg, to discuss a way out of the crisis of leadership. CEO Martin Winterkorn is under pressure after VW supervisory board, Ferdinand Piëch was surprisingly moved away from him.
The crisis meeting was a home game for Patriarch Piëch. But the state of Salzburg is not only his home, and the family seat of the Porsche is located there. Also, the largest car dealers in Europe, the Porsche Holding Salzburg, based in Salzburg.
Whether the statement the Group paves a way out of the crisis of leadership was initially as unclear as the exact timing of the information. After the meeting, the Supervisory Board’s Bureau in the Austrian city of Salzburg is no quick fix apparent in the power game.
Piëch withdrew Winterkorn public confidence
The six-member board represents the core of the 20-member Supervisory Board. At the special meeting in Salzburg was also CEO Winterkorn one of the party. In the evening he stayed then with the Group Works boss Bernd Osterloh in the stands during the Europa League quarter-final first leg of the VFL Wolfsburg against Napoli.
Just over a week VW supervisory board Piëch was in the news magazine “Der Spiegel” gone public “to distance Winterkorn” and had thereby deprived him of the trust. After the public attack by Piëch we went to dpa information at the meeting in Salzburg to Winterkorn professional future with VW.
Winterkorn wants to renew his contract
Winterkorn wants, according to the “Frankfurter Allgemeine Zeitung” (FAZ) fight for a renewal of his contract expiring in 2016. Even after dpa information were strategic issues around the course of the Board at least a substantial part of the special meeting. The province of Salzburg is not only the home of Piëch, also the family seat of the Porsche is located there.
Although Winterkorn currently has a wide Supporters Alliance, but is also much speculation about this Piëch sentence: “I strive to get the right person at the head of the Supervisory Board and the Management Board.” Management and Supervisory Board each technician would have to hold the lead.
The Supervisory Bureau prepares key strategic decisions of the supervisory body. Form the sextet: Ferdinand Piëch (Chairman), Berthold Huber from IG Metall (Vice-Chairman), VW group works council head Osterloh, the speaker of the Porsche family branch Wolfgang Porsche, Prime Minister of Lower Stephan Weil (SPD) and Osterloh Vice Stephan Wolf.
Winterkorn was considered a first successor of Piëch
Winterkorn was Piech to attack the first successor of the VW patriarch at the head of the Supervisory Board. The news magazine “Der Spiegel” Piëch quoted Besides the distance announcement with the words: “. I strive for that the right people come to the forefront of the Supervisory Board and the Management Board” This seemed not only a change at the top of the control panel impossible, but also Winterkorn’s continued presence on the Board at least questionable. During his management contract expires the end of 2016, Piëch is elected until spring 2017 as chairman of the board.
The employee representatives on the Supervisory Board and the two representatives of the VW major shareholder Lower Saxony on the capital side is an alliance had publicly advocated Winterkorn. Insiders said but agreed that an open front formation in the Supervisory Board Piëch is unlikely.
The speaker of the family branch of Porsches, Wolfgang Porsche had called Piëch’s remarks as “private opinion”. The Porsche and Piëch hold the majority of VW
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