Following the rather sudden and unexpected resignation of chairman Ferdinand Piech, the Volkswagen Group is embarking on the quest to quickly find a replacement. Piech resigned in late April 2015 after a public showdown between himself and the company’s chief executive Martin Winterkorn.
“It is good that we have returned to calmer waters and that we have clarity about our future direction,” said Winterkorn at Volkswagen’s annual shareholder meeting on Tuesday. “We cannot and must not stand still.”
During the meeting, Winterkorn said that the supervisory board’s steering committee and the group’s board members were working hard to quickly find a replacement for Berthold Huber, who was appointed interim chairman. Prior to the change, Huber — former chief of the IG Metall union — was the supervisory board Deputy Chairman of the Volkswagen Group.
And though it will attempt to find a replacement for Piech in a swift manner, the company won’t be over-hasty, according to Stephan Weil, governor of Lower Saxony — the automaker’s second-largest stakeholder. Weil, however, declined to confirm whether or not the firm’s supervisory board had approved a roadmap for the search at its meeting on Monday.