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

Steph Willems
by Steph Willems
audis stadler out as ceo but perhaps only temporarily

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]

Comments
Join the conversation
2 of 8 comments
  • 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?

  • ThomasKing The right spec has a lot to do with the value you get for your money. No matter what vehicle you're looking to buy, there are certain specs that are important when it comes to making sure you get the best bang for your buck. Also, you check this http://bestrvextendedwarranty.com/ and get more new things for warranty problem-solving. The 2022 Honda Civic Hatchback is an excellent example of a model that offers very high value while still giving you all the features and amenities that make passenger cars so enjoyable.
  • Sayahh Toyota Century
  • Probert Really needed more front and rear overhang.
  • Varezhka Autozam AZ-1 or a Toyota Sports 800.
  • Jeffro I can’t recall a visit to a Honda or Toyota dealership that wasn’t revolting to some degree. Why run yourself ragged going through the sleazy and greedy system store gauntlet, when you can purchase your luxury vehicle with just a few clicks on your smartphone?
Next