Volkswagen chairman Ferdinand Piech solidifies his and the Piech-Porsche clan’s control of Europe’s largest carmaker by placing his wife in positions of power. A year after taking a seat on Volkswagen’s supervisory board, Ursula Piech will be up for certain election to Audi’s supervisory panel at the annual shareholders’ meeting on May 16, Reuters reports.
Audi is owned by Volkswagen, but its shares are listed separately. According to Reuters, the election “to the board of VW’s biggest profit contributor will be nothing but a formality.”
Ursula Plasser, a trained kindergarten teacher, was hired by Piech as a nanny when he lived and produced two children with Marlene Porsche, the wife of his cousin Gerd Porsche. The children came in addition to five he had from a previous marriage and two “from another connection.” Ursula was buxom, blond and 25. Two years later, she was married to Ferdinand Piech, who was and is twenty years ahead of her.
Provided she does not remarry, Ursula Piech will take over her husband’s interest when he dies. Ferdinand Piech will turn 76 on April 17.