VW committee backs Winterkorn, rcommends contract renewal
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Trying to quash rumours pointing to an impending leadership shakeup, Vw has launched a declaration of support for chief executive Martin Winterkorn.
Supervisory board chairman Ferdinand Piech lately ignited controversy with public remarks that indicated he'd lost trust in Winterkorn, fueling speculation the Chief Executive Officer might be ousted or reassigned when his contract comes up for renewal next year."The Executive Committee of the Supervisory Board of Volkswagen A G states that Prof. Dr. Martin Winterkorn is the greatest potential Chairman of the Board of Direction for Volkswagen," the firm said in its first official statement on the issue. "The Executive Committee places great significance on the reality that Prof. Dr. Winterkorn will pursue his function as Chairman of the Board of Direction with the same energy and achievement as before, and that he's the complete support of the Committee in do-ing so."Winterkorn has also obtained support from union leaders, which symbolize half the votes on the board, and fellow board member Wolfgang Porsche, among others."The Executive Committee will now suggest to the Supervisory Board to expand Prof. Dr. Winterkorn's present contract in the Supervisory Board Meeting of February 2016," the newest assertion reasoned. Read Source
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