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Volkswagen announced today that Dr. Wolfgang Bernard, current Chairman of Volkswagen, will be stepping down and will also be leaving his chair on the Volkswagen board. Dr. Bernhard has been a member of Volkswagen AG’s Board of Management since February 1, 2005 and has been responsible for the Volkswagen brand as Chairman of the brand group. No idea where Bernhard is headed to, but it has been speculated that DailmerChrysler is blowing up his cell phone since the press release.

Press Release:

DR. WOLFGANG BERNHARD LEAVES VOLKSWAGEN AG BOARD OF MANAGEMENT

WOLFSBURG, Germany – Dr. rer. pol. Wolfgang Bernhard, Chairman of the Volkswagen brand group and member of Volkswagen AG’s Board of Management, will leave the Company by mutual agreement as of January 31, 2007 as part of the reorganization of responsibilities within the Volkswagen Group.

Dr. Bernhard has been a member of Volkswagen AG’s Board of Management since February 1, 2005; since May 2005, he has been responsible for the Volkswagen brand as Chairman of the brand group.

The Company would like to thank Dr. Bernhard for his work in the past years and wishes him all the best for his future career. Prof. Dr. Martin Winterkorn, who will take over the management of the Volkswagen brand group in addition to his present duties, emphasized that Dr. Bernhard had furthered the process of restructuring of the Company and hence increased the productivity of the Volkswagen brand.

Source: Volkswagen

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