Martin Winterkorn, the former CEO of Volkswagen, has resigned from his post as Audi’s supervisory board chairman.
Winterkorn was forced to resign in September by VW’s influential labour leaders five days after the emissions scandal became public. Then on October 17th, Porsche said that he’d be departing from his position as their company chairman. Now, it’s Audi’s turn to cut further ties with the former VW CEO.
And we think it’s safe to say that Winterkorn doesn’t appear to be leaving willingly. The German manufacturer’s reputation is falling with each new revelation, yet Winterkorn still remains part of the company, and in the public’s eyes, part of the problem. As Bloomsburg points out, “Winterkorn’s reluctance to give up all posts related to the company immediately sparked criticism from analysts over poor company governance.”
With Audi and Porsche being dragged into the emissions scandal alongside its parent company Volkswagen, it does propose the question of how. How could Winterkorn – a major player in all three brands –have known nothing about the scandal? When he resigned from VW, he claimed “I’m not aware of any wrongdoing on my part”, but the whole debacle seems strange.
Will Winterkorn be forced out of the German company completely? Or will his minimal ties stay intact?
Tell us what you think.