Ferdinand Piech to Lose Board Seat at Porsche SE and Remaining Pull at Volkswagen

Former chairman of Volkswagen’s supervisory board Ferdinand Piech may soon be losing his seat on the Porsche SE board as well. While the Porsche and Piech families have combined their VW holdings in Porsche SE, its shareholders are voting on the future makeup of the company’s supervisory board at its annual meeting on May 30. However, a complete list of of candidates has to be decided upon by mid-April and Piech’s name seems to be absent from the early draft.

Wolfgang Porsche and Ferdinand’s brother Hans Michel Piech are both on the list of candidates, but Ferdinand Piech is not, according to the German weekly Bild am Sonntag, citing a person close to the matter. They hypothesized that the decision has more than just a little to do with Piech’s recent behavior regarding the VW emissions probe.

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Ferdinand Pich Objects Appointment Of Nieces To Volkswagen Board

Ferdinand Piëch isn’t Volkswagen’s chairman anymore, but he doesn’t want a couple of his relatives to replace him and his wife on the board, either.

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