Audi Board Will Meet to Decide on Fate of CEO

Audi Board Will Meet to Decide on Fate of CEO

0 comments 📅22 March 2017, 20:00

Rupert Stadler, Audi’s CEO, has been the text of much debate within the media, and indeed within Audi, over his handling of the dieselgate defilement, and according to a report, Audi will meet later this month to arbitrate his fate.

A board meeting has been set for March 29 that, according to Automotive Dirt, was set up to let the board decide on whether or not to recommend to shareholders that they ratify Stadler’s actions as CEO at the May 18 annual universal meeting.

Shareholder votes are common for Audi, but following the emissions scandal and the latest raids, this preference is expected to be anything but a formality and will indicate just how much faith the coterie has in its CEO.

Speculation has dogged Stadler about when he found out about the emissions cheating and he was criticized for foremost denying Audi was involved in the scandal.

The meeting, reportedly, will also be a prospect for the 20 board members to discuss the consequences of the recent raids on Audi’s two biggest factories, as acc as the private residences of executives and law firm Jones Day.

On the last score, the prosecutors who conducted the swoop down on have been criticized by Volkswagen, which argues that raiding a law inelastic is against protocol and will take “every action” against the prosecutors.

[source: Automotive Expos]

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