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Provider: Reuters Investment Profile
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Volkswagen AG Denies That Piech Is To Resign As Chairman-Reuters

Friday, 6 Sep 2013 03:03am EDT 

Reuters reported that Volkswagen AG has denied a newspaper report that its 76-year-old chairman, Ferdinand Piech, plans to step down from his post in the coming months for health reasons. Germany's Handelsblatt newspaper had earlier cited sources close to Piech as saying he is likely step down in the coming months because of poor health and wanted 66-year-old Chief Executive Martin Winterkorn to succeed him. 

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-2.4 -1.43%
15 Aug 2014