Volkswagen Chairman to Seek Re-election for the Post

The chairman of German based widely known auto manufacturer Volkswagen Group (ETR: VOWG) Hans Dieter Poetsch, will be seeking another term for the same position. The chairman says he will be unveiling his re-election bid at the up-coming annual general meeting of the company.

Aged 70, Poetsch became the company’s chairman in 2015 just several weeks after the company was slapped with the diesel emission scandal, Volkswagen accepted using illegal software to rig diesel engine tests in the United States.

The biggest car manufacturer in Europe says even though this development was a blow to the company, it also helped it escape a leadership crisis last year.

Over the weekend, the company’s spokesperson said the supervisory board of Volkswagen AG recommends Hans Dieter Poetsch to be elected supervisory board chair for a full year term of five years at the upcoming Annual General Meeting.

The company said date and venue of this AGM will be announced in due time.

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