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Piech resigns from Volkswagen

701_Ferdinand Piech landscape

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27 April 2015

Ferdinand Piech
Ferdinand Piech: out of Volkswagen

IN and extraordinary turn of events, Volkswagen’s powerhouse thought leader and kingmaker for the last 20 years or so,Dr. Ferdinand K Piëch, has resigned from the supervisory board of Volkswagen AG.

Also going is his wife Ms Ursula Piëch.

Ferdinand Piech (78), who was first ceo and then chairman of the Volkswagen Group, had criticised in public his suspected successor, current ceo Martin Winterkorn. It was a tactic Piech had used previously to unseat executives at the Group. But this time it backfired.

A statement by the board said: “The members of the Executive Committee have unanimously determined that in view of the background of the last weeks the mutual trust necessary ‎for successful cooperation no longer exists.”

It is expected that Winterkorn will now succeed Piech.

Piech’s initial criticism of Winterkorn centred around VW’s still unsuccessful attempts to make VW a real player in the US market.

Piech is the grandson of Ferdinand Porsche, who conceived the revolutionary VW Beetle, and founded the sports car company that carries his name.

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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