volkswagen set to extend ceos contact until 2018
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Volkswagen set to extend CEO's contact until 2018

Arab Today, arab today

Arab Today, arab today Volkswagen set to extend CEO's contact until 2018

Martin Winterkorn, chairman of German car maker Volkswagen
Frankfurt - AFP

German auto giant Volkswagen said on Wednesday that key members of its supervisory board want to extend the contract of the carmaker's chief executive Martin Winterkorn until 2018.

The six-member steering committee "voted unanimously" to propose to the 20-strong supervisory board at its meeting on September 25 that Winterkorn be offered "a new contract until December 31, 2018," the group said in a statement.

The steering committee comprises six of the most influential members of VW's supervisory board, including the head of the general works committee, the leader of the mighty IG Metall metalworkers' union and the head of the regional state of Lower Saxony where the carmaker is based.

"We will continue along the road of success of the past years with Martin Winterkorn at the head," said supervisory board chief Berthold Huber.

Winterkorn, 68, has been CEO since 2007, but was earlier this year involved in an ugly leadership battle with then supervisory board chief and VW patriarch Ferdinand Piech.

It was Piech who installed Winterkorn as chief executive in 2007.

But he appeared to have become irked by his former protege's difficulties in making substantial inroads into the US market, as well as VW's over-dependence on the Chinese market and the waning attractiveness of its core Volkswagen brand.

At the end of a bitter and very public battle, 78-year-old Piech finally resigned in April.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

volkswagen set to extend ceos contact until 2018 volkswagen set to extend ceos contact until 2018

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

volkswagen set to extend ceos contact until 2018 volkswagen set to extend ceos contact until 2018

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday