The Traderszone Network

Published in TZ Latest News 12 July, 2015 by The TZ Newswire Staff

VW interim chairman to stay on, hunt for Piech successor continues: Bild

Volkswagen (VOWG_p.DE) is still looking for a successor to former chairman Ferdinand Piech, meaning the interim holder of the position, Berthold Huber, is likely to stay until at least the end of the year, a German newspaper reported on Sunday. Following the departure of patriarch Ferdinand Piech in April, who resigned after losing a showdown with Chief Executive Martin Winterkorn, former union boss Huber was meant to hold the role for only a few months, Bild am Sonntag reported. The paper said Porsche’s nephew, Ferdinand Oliver Porsche, is also a candidate, as is Winterkorn.