Audi's Stadler Out as CEO, but Perhaps Only Temporarily

Steph Willems
by Steph Willems

An emergency board meeting held in the wake of Audi CEO Rupert Stadler’s Monday arrest led to the chief executive’s suspension from the company. It was Stadler’s idea, apparently.

As the former CEO cools his heels in a Munich jail, held on suspicion of fraud and evidence suppression related to Volkswagen Group’s diesel emissions scandal, the automaker’s board named sales and marketing chief Abraham Schot as interim CEO. Whether or not Stadler returns to his former post depends on his innocence.

“On Tuesday, the Supervisory Board of Volkswagen Aktiengesellschaft accepted the request of member of the Group Board of Management Rupert Stadler to release him from his duties as member of the Board of Management of Volkswagen AG,” the automaker said in a statement.

“The release is a temporary measure, put in place until the circumstances surrounding Stadler’s arrest have been clarified.”

A Munich judge ordered Stadler held in custody yesterday, declaring that the former top dog at Audi posed a flight risk. He should face questioning by Wednesday.

“The accused was brought before the investigating judge, who ordered the execution of the pre-trial detention,” the Munich prosecutor’s office said in a statement to Autocar. “We cannot comment on the substance of our background in the light of the ongoing investigations. For Mr Stadler, the presumption of innocence continues to apply.”

Autocar reports that Stadler will testify this week. The 55-year-old former CEO’s tenure in Audi’s upper ranks overlaps with the conspiracy to fool customers and regulators with rigged diesel engines. While Stadler maintains his innocence, German media reports claim the testimony of former Audi officials led to his arrest. The former CEO was named a suspect in the investigation earlier this month.

As the legal drama plays out, VW claims Schot will “be invited to participate in the meetings of the Group Board of Management as a guest.”

[Image: Audi AG]

Steph Willems
Steph Willems

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  • Inside Looking Out Inside Looking Out on Jun 19, 2018

    Germans will rather find the reason to punish Facebook, Google, Apple and other evil AMERICAN occupants than German CEO no matter what crime against humanity he or she committed.

  • WildcatMatt WildcatMatt on Jul 09, 2018

    Is Waldorf being installed as his replacement?

  • El scotto Listen, unless you were Lord Headly-Stempmoor or such when you got off the off the boat, boot in Canada, you got the short end of the stick. People got on the boat, these days a plane, to escape famine, becoming cannon fodder in yet another stupid war, or the government thought it was A-OK to let soldiers kill you. Juneteenth is just a way to right one of the more bad ideas in the American experiment. Instead we have commenters who were buying tater chips and diet soda at Wal-Mart and got all butt-hurt because they heard someone who wasn't speaking English. I'm going to go fix a couple of frankfurters with salsa and guacamole and wash them down with a lager or three
  • Akear I just wish GM could produce a vehicle 80% as good as the crown.I sat in a Trax at a Chevrolet dealership this weekend and was shocked how cheap it felt. GM does not care.GM - what a disgrace!
  • Akear I like the grill treatment of all Mitsubishi products. It is an interesting and original design.
  • El scotto Some rambling thoughts; Elon is pulling billions in cash out of Tesla. Tesla will be around, Elon won't let them fail. Mitsubishi is an odd place, you can't sell vehicles if you don't have dealers. Out of all the "Automalls" near you, how many have a Mitsubishi dealership? The Agnellis owned Fiat, Fiat got sold to Stellantis. The Agnellis control Exor. How much of Stellantis does Exor own? I really should be drinking beer with Billy Ford and talking Big-10 trash with him. Ford and Lucid should work out a partnership. You want an electric Lincoln? Have Lucid build it and slap a Lincoln name plate on it. BTW, kick Farley's butt to the curb.
  • Akear US contentChevrolet Trax - 5%Honda Pilot - 52%What a disgrace!I glad Consumer Reports panned the Trax, and put it on its avoid list.
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