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Boardroom power shift moves VW closer to F1
Internal boardroom power struggle deep within the VW Group appears to have positioned one of its brands closer to a Formula 1 entry in 2018. Ferdinand Piech – the 78-year-old chief of the Volkswagen Group – has been effectively shunned by the VW Executive Committee of the Supervisory Board, which has recommended that CEO Martin Winterkorn (pictured left) be offered a new extensive and long-term contract from 2016 onward. This comes after Piech was believed to be orchestrating the removal of his former favourite from the company, and an emergency meeting was called last week to resolve the internal power struggle. Piech will have to relinquish his role as chairman of the VW Executive...
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9y ago from Motorsport.com
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