Audi CEO May Not Last Five Years: Report

Audi CEO May Not Last Five Years: Report

0 comments 📅06 June 2017, 07:15

Notwithstanding having signed a contract to serve another five years as Audi CEO, Rupert Stadler may be on his way out.

That’s according to a new statement from Reuters. The report claims that two sources came to them, saying that the bargain was written with the understanding that Stadler would not serve his full administration conditions.

Although signing a five year contract before removing a CEO may sound odd, it’s what happened to VW’s Martin Winterkorn. Following the rise of the deiselgate scandal, the CEO signed a contract extending his time as CEO by five years. Fewer than 20 days later he was out.

Stadler has check in under fire for his handling of the dieselgate scandal. Having first denied Audi’s r in the matter, the CEO was seen not to have handled the crisis optimally. Now, with 24,000 Audi A8s recalled in Germany, it looks like new and dear legal claims may crop up in Europe.

With the scandal anything but over, these reports support that history might repeat itself.

[source: Reuters]

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