VW “temporarily releases” Rupert Stadler, appoints Abraham Schot as interim Audi chairman

Volkswagen says the release is a temporary measure, put in place until the circumstances surrounding Stadler’s arrest have been clarified.

Autocar Pro News Desk By Autocar Pro News Desk calendar 19 Jun 2018 Views icon23468 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Volkswagen has issued a statement that the Supervisory Board of Volkswagen Aktiengesellschaft has accepted the request of member of the Group Board of Management Rupert Stadler to release him from his duties as member of the Board of Management of Volkswagen AG.

The statement says, "The release is a temporary measure, put in place until the circumstances surrounding Stadler’s arrest have been clarified. In his capacity as chairman of the Board of Management of Audi AG, Rupert Stadler was elected to the Board of Management of Volkswagen AG on 1 January 2010.

Abraham Schot, who is to take over the position of chairman of the Board of Management at Audi in the interim, will at the same time be invited to participate in the meetings of the Group Board of Management as a guest."

Abraham Schot, born on July 12, 1961, in Rotterdam, The Netherlands, graduated from the University of Bradford with a Master of Business Administration. He completed additional courses of study while working, including at Harvard Business School and Insead Fontainebleau Business School. 

He began as a management trainee in 1986 at ABN-AMRO Bank. A year later, he moved to Mercedes-Benz AG where he entered the Executive Management Program. After holding various positions at Mercedes-Benz Nederland, including Assistant Sales Manager for Commercial Vehicles, Head of Corporate Strategy & Planning as well as Marketing Director for the Commercial Vehicle division, in 1998 Schot became managing director of the Mercedes Car Group for DaimlerChrysler Nederland. In 2003, he assumed the position of president and CEO of DaimlerChrysler Nederland. From 2006 to 2011, he was responsible as president and CEO of DaimlerChrysler/Mercedes-Benz Italia.

In 2011, he joined the Volkswagen Group, where he oversaw strategic projects in Group Sales. Schot has been the director responsible for Marketing and Sales with Volkswagen Commercial Vehicles since 2012.

Since September 1, 2017, Schot has been a Board of Management Member for Sales and Marketing at Audi AG.

Also read: Audi CEO Rupert Stadler arrested in Dieselgate investigation

RELATED ARTICLES
StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries

auther Autocar Pro News Desk calendar31 Jan 2023

The two companies are implementing Circulor’s traceability solution to follow upstream battery material production and t...

Toyota Tsusho begins production of Suzuki Swift in Ghana

auther Autocar Pro News Desk calendar31 Jan 2023

Toyota Tsusho Manufacturing Ghana commences assembly of SKD kits of the Swift hatchback; part of the expanding alliance ...

Renault to reduce stake in Nissan from 43% to 15%

auther Autocar Pro News Desk calendar30 Jan 2023

Renault, which holds a 43% stake in Nissan, to transfer 28.4% shares into a French trust; Nissan is to invest in Renault...