If you haven’t been following, Volkswagen’s been in need of some new leadership and management after an interesting debacle in the executive branch of the Wolfsburg giant led to the forced resignation of Mr. Volkswagen himself, Ferdinand Piech.
Piech and his wife were forced to step down from their positions after he failed an attempt to push out current CEO, Martin Winterkorn.
Speaking of which, according to Winterkorn, who spoke with Reuters in an article published by AutomotiveNews, VAG is in the process of finding a new chairman.
This is by no means an easy feet, since the Germans hold their ownership stakes and rights to certain properties dearly. That said, there are a lot of shareholders who have a say in what goes on with the company, including shareholders within the Porsche and Piech families, as well as government representatives from Lower Saxony and Qatar.