Hunt for New VW Chairman May Go Into 2016
The search to replace former Volkswagen chairman Ferdinand Piech may stretch into next year, Reuters is reporting.
Piech left Volkswagen in April after a showdown with Chief Executive Martin Winterkorn, who is still a candidate for the top position. Piech led VW for more than two decades and is the grandson of Ferdinand Porsche.
Interim chairman Berthold Huber is expected to remain in the position at least until the end of 2015.
Reuters detailed the list of candidates who may ultimately replace Piech after the search is over.
Alongside Winterkorn, Ferdinand Oliver Porsche — great-grandson of Ferdinand Porsche, and nephew of supervisory board member Wolfgang Porsche — is also considered to be a candidate for Volkswagen’s top spot.
Wolfgang Porsche reportedly removed himself from consideration for the job, as did works council president Bernd Osterloh. Osterloh recently called for a slimmer management structure at the massive German automaker.
Huber is not considered to be in the running to permanently replace Piech.
Whoever succeeds Piech won't have the notable quality of having a last name that sounds just like the sound I make after consuming multiple beers too quickly.
Marchionne is looking for a company to um er manage
2016? So soon? It's hard to find such an irascible old sod at short notice. I suggest Mr Burns from The Simpsons. Oh wait.
I suspect that some members of the Porsche family are now having second thoughts about not supporting cousin Ferdinand. He was an arrogant SOB while in charge, but now they don't want to go all the way with the guy they saved from Piech, Winterkorn. I wonder what misgivings they're having about HIM?