Winterkorn can not force them out of the company – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
         
 
 
     
     
     
         
         
                                                             

The Chairman of the Volkswagen Group Martin Winterkorn can not hunt on the farm of his chairman Ferdinand Piëch. The learned the Sunday newspaper Frankfurter Allgemeine from the company VW. Winterkorn look back on a very successful career in management.

                         
         
         
                                                             
                                 

Earlier, Piëch had had with the sentence in the quote “mirror”: “I am to distance Winterkorn.” This phrase was understood by the public as disempowerment of his longtime confidant. As quickly throw in the towel Winterkorn not go there, you are hearing from the company.

                         
         
         
                                                                                                                                                                      

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In legal terms, it would take on the VW board a majority of eleven of twenty 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 Porsche and Piëch families on the employers Bank and the State of Lower Saxony on his side. Lower Saxony’s Prime Minister and Member of the Supervisory Board Stephan Weil has already announced that he was “unpleasantly surprised about the statements of Mr. Piëch.”

                         
         
         
                                                             

So far, it was said that Winterkorn, whose contract runs until the end of 2016, then continue for a year or two remain CEO and eventually will replace Piech as chairman of the board. Long engineers Piëch and Winterkorn a relationship of trust was said.

                                 

 
  

 
 
 
                       

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leadership crisis at Volkswagen VW Patriarch provides its CEO just

power struggle at the largest German carmaker The Volkswagen chairman Ferdinand Piech apparently wants to sell Volkswagen CEO Martin Winterkorn. The 77-year-old goes public on distance to his top managers – though with influential advocate. More

04/10/2015, 21:29 clock | Economy

     
     
     

 

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Winterkorn can not be from the company pushing

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The VW chairman Ferdinand Piëch has been publicly distanced himself from his longtime confidant and top manager Martin Winterkorn. But she refuses to be according to information from the Frankfurter Allgemeine Zeitung hunt the farm.

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