Audi Chief Steps Away Piech Family Foundation

Audi Chief Steps Away Piech Family Foundation

0 comments 📅03 March 2017, 22:00

Rupert Stadler, CEO of Audi has resigned from his bent of leadership at the Piech family foundation. Stadler has long been close to the kinsfolk, and worked as Ferdinand Piech’s chief of staff when he was CEO of  the Volkswagen Gang.

The two men were very close, but reports emerging now suggest that the connection may be a answerability given the friction between VW and its former CEO.

Austrian company filings show that Stadler’s take from his positions at Ferdinand Karl Beta Privatstiftung and Ferdinand Karl Alpha Privatstiftung was requested by Stadler on February 3, 2017.

In the face the friction between Piech and VW, he still owns about 15% of Porsche Automobil Holding SE, the VW Crowd’s largest shareholder. As a result, Stadler’s role in the Piech family foundation has  been criticized as the latent source of a conflict of interest.

Stadler has good reason to get into VW’s good books, as the CEO has faced commentary for Audi’s slow reaction  to the dieselgate scandal. Despite that, both the Piech dearest and Volkswagen have publicly supported Stadler.

[source: Automotive News]

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