（Cover image source: Reuters）
On June 5, Reuters reported that Hans Dieter Pötsch, Chairman of the Supervisory Board of Volkswagen, stated that he will seek re-election at the upcoming annual shareholder meeting.
As the core of power for large German companies, changes in the chairman of the Supervisory Board can directly affect the future development of the company. This 70-year-old man took over the position of Ferdinand Piëch in 2015 as Chairman of the Supervisory Board of Volkswagen Group.
In the “palace fight” among Volkswagen Group executives last year, Hans pacified the conflict between the CEO of the group, Herbert Diess, and the Chairman of the Labour Council, Bernd Osterloh, and affirmed the determination of Volkswagen’s electrification and transformation.
On May 1 this year, Diess’s “mortal enemy” had already resigned. 🔗Diess’s “Mortal Enemy” in Volkswagen Will Resign!
However, in the “Dieselgate” scandal, Hans and Diess were suspected of market manipulation. The case was dismissed only under the premise of paying a fine of 9 million euros.
According to the committee’s nomination, this shareholder meeting may reappoint Piëch’s niece, who is also the Chairman of the “Ferdinand Porsche Family Private Foundation,” Louise Kiesling.
Thanks to Piëch’s and the Porsche family’s support, many media outlets on the Internet have almost defaulted that Hans will be re-elected. If that is the case, Volkswagen Group’s determination to transform its high-level management will be confirmed once again.🔗Source: Reuters
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.