Friday, May 1, 2015

Volkswagen – trouble with the relationship – Süddeutsche.de

  • After leaving Ferdinand Piëch and his wife from the supervisory board of Volkswagen, the patriarch is dissatisfied with the designation of two substitutes inside.
  • Louise Kiesling and Julia Kuhn-Piëch, both from the Piëch clan originate, according to the 78-year-old believes have too little experience in the auto industry.
  • However, the appointment of two women is considered safe.
  • If Piëch’s cousin Wolfgang Porsche as Chairman be ordered, are to be expected further contradiction Piëch.

By Thomas Fromm

No, you did not have long to wait until Ferdinand Piëch announced again. Soon after Volkswagen had given on Thursday the two successors known for him and his wife Ursula in the Group Supervisory Board, was heard again from the fallen patriarch.

Image newspaper wrote that he did not agree with the new nominations Louise Kiesling and Julia Kuhn-Piëch. Both would have too little experience in the auto industry, which is why the former BMW manager and ex-Linde CEO Wolfgang Reitzle and the former Siemens board member Brigitte Ederer be the better choice.

Two women at that from the own family, and both not acceptable. The Salzburger interference is as remarkable as expectable.

Piëch resigned last Saturday as VW supervisory board together with his wife from his offices. The patriarch was after a violent two-week power struggle with his opponents on the board overnight only one shareholder without Office. An ex-patriarch, who lost his power base, because he had believed that he could VW CEO Martin Winterkorn sweep by hand out of office.





Piëch’s offices in VW to

Piëch had tried to force VW CEO Martin Winterkorn from office so that was but failed in the power center of the group.

(Video: Reuters )

The question was: He Is defeat? If from the decades-long ruler now a silent observer or is it now more than ever no rest? The question is answered. The era Piëch when VW is indeed finished, but you have to expect in the future with Piëch

Is Reitzle still interesting

Louise Kiesling and Julia Kuhn? Piëch both come from the Piëch clan, both nieces of the Old. The 57-year-old designer Kiessling is the daughter of Louise Daxer-Piëch, the deceased sister of Ferdinand Piëch. Julia Kuhn-Piëch, 34, is a daughter of Ferdinand Piëch’s younger brother Hans Michel Piëch, who also sits on the board.

It is not the first time that it becomes clear what Piëch of the manager skills many of his family members holding:. not much

Piëch’s favorite candidate, former Linde CEO Reitzle, has been brought by other parties already for the executive chair of the committee into play. Now that he emerges as the ideal person of the old, one can ask: Is Reitzle for Piëch opponents at all interesting

The fact that the nieces move into the body, is considered safe. The order is based on a ruling by the District Court of Braunschweig, which had followed a request of the board. The 20-member Supervisory Board is complete again. Ten members of the employees’ side, ten of the capital side, including three representatives of Piëch- and two of the Porsche family.

The capital side fulfilled even the force from next year setting a women’s share of 30 percent. The third member is the Swedish banker Annika Falkengren. What’s missing is a new supervisory board chairman. Interim chief inspector Berthold Huber from IG Metall is considered man for a few months.

As a likely candidate applies Wolfgang Porsche, 71. His family and the Piëch control Volkswagen together on the Porsche Holding. Both are about billion-investments are welded together, and both cousins ​​are fiercely hostile to.

Porsche as Piëch’s successor on the Supervisory tip? In group one would expect in this case an intervention from Salzburg, against the recent criticism of the two nieces would be a kind of praise.

Louise Kiessling studied fashion and automotive design and and as a designer in Germany, Austria Britain worked. She is shareholder and director of several companies; Last year she took over the insolvent textile manufacturer Backhausen



The textile designer Louise Kiessling is one of the two nieces who appear the patriarch Ferdinand Piech for the VW supervisory board to be unsuitable.

(Photo: oh )

It is female and colored in Supervisory

In addition, it holds a 20-percent stake in the Viennese architecture firm Coop Himmelb (l) au, which designed the new ECB headquarters in Frankfurt. The other, Julia Kuhn-Piëch, is Immobilienkauffrau in Salzburg and is already sitting on the supervisory board of VW commercial vehicle subsidiary MAN. It is female in the group’s supervisory board – and by the leaden past few weeks probably a little colored

Next Tuesday the VW annual general meeting will be held in Hannover.. The former IG Metall boss and employee representatives Huber must chair the Meeting. But it is not yet clear whether Piëch will also not travel even to Hanover, as a shareholder, which it still is. It could be exciting.

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