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Audi board reshuffle to happen by mid-September: sources
August 22, 2017 / 2:23 PM / in 3 months

Audi board reshuffle to happen by mid-September: sources

MUNICH/HAMBURG (Reuters) - The management of Volkswagen’s (VOWG_p.DE) Audi (NSUG.DE) unit will be reshuffled by the start of the IAA car show in mid-September, several people familiar with the matter told Reuters, adding that four of the board’s seven members would be replaced.

FILE PHOTO: The logo of Audi is pictured at the Auto China 2016 auto show in Beijing, April 25, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Chief Executive Rupert Stadler will remain in office unless new evidence emerges that would indicate he knew about diesel emission cheating at the carmaker, the people said.

“He still enjoys the confidence of the Porsche and Piech families,” one of the people said, referring to the clan that controls Volkswagen. “Something significant would have to pop up to change that.”

Audi and Volkswagen both declined to comment.

Reporting by Jan Schwarz, Irene Preisinger, Ilona Wissenbach and Joern Poltz; Writing by Christoph Steitz; Editing by Georgina Prodhan

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