In Europe’s largest carmaker Volkswagen raging power struggle leadership. It is about the future of the Executive Boss Winterkorn, chairman of the board since Piëch is at a distance. Is crucial: Enter the 20 supervisory boards Winterkorn still a chance
VW CEO Martin Winterkorn refused to be chasing of the Supervisory Board boss Ferdinand Piëch by the Court, as the “Frankfurter Allgemeine Sunday newspaper” from the company learned. “Bild am Sonntag” quoted a “confidant” Winterkorn with the words: “Piëch wants to kill him, but Winterkorn fights.”
The key for the future career Winterkorn is the attitude of the VW board. This committee decides who leads the group in the future. He currently has 20 members. The key question in the Mach Poker is: Supports the AR-majority Winterkorn
Piëch: “I’m on distance Winterkorn”
It is clear that the Supervisory Boss Piech shoots against Winterkorn. For many years formed the two a winning team on the Consolidated tip. But recently the 77-year-old Piëch was completely surprising moved away from public Winterkorn (67). Piech said in “Mirror”: “I am to distance Winterkorn.” This is the dismantling of the CEOs alike. The VW supervisory board also said: “I strive to get the right person at the head of the Supervisory Board and the Management Board.” The candidates for this are already in the company.
In the VW supervisory it would take a purely legal majority of 11 out of 20 votes to depose Winterkorn. Although Piëch could make use of his double voting rights as chairman. But he may have also the other members of the families Porsche and Piëch pull on the employers Bank and the State of Lower Saxony on his side. The country is the largest after the Porsche and Piëch families VW shareholders, stating.
- The 20 members of the VW -Aufsichtsrats
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Employers page:
Ferdinand Piëch: chairman of the board
Stefan Weil: Lower Saxony’s Minister President
Olaf Lies: Lower Minister of Economic Affairs
Wolfgang Porsche: chairman of the board Porsche SE
Ursula Piëch: wife of Ferdinand
Hans-Michel Piëch: lawyer, brother of Ferdinand
Ferdinand Oliver Porsche: lawyer, brother of Wolfgang
Hussain Ali al-Abdullah: Representative of Qatar
Ahmad al -Sayed: CEO of Qatar Holding
Annika Falkengren: head of the Swedish bank SEB
employee
Berthold Huber: President of IG Metall
Babette Fröhlich: Board member of IG Metall
Hartmut Meine : District Manager of IG Metall Lower Saxony
Bernd Osterloh: council chairman of Volkswagen
Stephan Wolf: Deputy council chairman of Volkswagen
Peter Mosch: council boss of Audi
Jürgen Dorn, boss of the VW truck subsidiary MAN
Uwe Fritsch: council boss the VW plant in Braunschweig
Thomas Zwiebler: council boss VW Commercial Vehicles
Hans-Peter Fischer: Representatives of the VW executives
criticism of Piëch’s inroads
Two prominent VW supervisory board members distanced themselves already by Piëch’s attack: VW works council boss Bernd Osterloh and Lower Saxony Prime Minister Stephen Weil (SPD) stood behind Winterkorn.
Even Lower Saxony’s Economics Minister Olaf Lies (SPD) sees the announcement “very relaxed” contrary to, he said. The country appreciate the work Winterkorn much. “It was an annoying surprise to learn the evaluation of the chairman Piëch from the media One should not please bring the successful VW Group by such public submissions in a difficult situation.”.
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What does the Porsche family?
The Supervisory Board members of the Porsche family initially not taken a position on the issue. The “Bild am Sonntag” quoted from the environment of families spokesman Wolfgang Porsche only: “At the end of the families move on important decisions together.” Now Porsche went but to distance Piëch: “The testimony of Dr. Piëch is his private opinion is that is not synchronized in their objective with the family.”
Winterkorn since 2007 VW CEO. His contract expires at the end of next year. Group insider had last reported unanimously that Winterkorn Piëch is likely to replace the control panel. Only the time seemed unclear. So it was also Winterkorn last open question whether a contract extension come into question for him.
The statements come Piëch an earthquake at Volkswagen equal. Piëch the top management had done before winter grain itself, to which he had for decades a great trust. Without Piëch, the consensus is no central decision falls at VW.
Critics complain profit weakness in core brand VW
The “mirror” leads to the detuning between Winterkorn and Piëch also the major strategic issues facing all Volkswagen success despite stands for years. The earning power of the core brand VW cars lags behind the competition resistant. Therefore, since last summer reaches a billion dollar savings plan. In July Winterkorn is the office of Volkswagen boss, he leads in personal union with the Executive Board, on the earlier BMW -Entwicklungsvorstand Herbert Diess from.
International VW missing in the US, the right models, so that the Group for years in a growing market – the second largest in the world after China – loses shares. In sum, these problems are covered by the current total for years record performance of the Group, which improves with great pace sales, revenues and profits. The rival General Motors (GM) is out of date. Only Toyota is ahead
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