VW boardroom strife ends
VW boardroom strife ends
Wendelin Wiedeking, chief executive, Porsche, will also be appointed to the VW board’s powerful steering committee, the praesidium, and will be joined on the board in May 2006 by his finance chief, Holger Haerter.
In return, as a concession to Lower Saxony, which controls the second-biggest VW stake, Ferdinand Piech, chairman, VW, will be replaced by a neutral third party when his contract expires next year instead of a representative of Porsche.
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