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Search For New VW Financial Officer Ongoing

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Search For New VW Financial Officer Ongoing

2011 VW up!

Volkswagens search for a new finance chief to fill the role vacated by new chairman Hans Dieter Poetsch is still going strong.

While on the floor at the 2015 Frankfurt Auto Show, Reuters asked CEO Martin Winterkorn if a successor had been found. Winterkorn said he would make an announcement when the issue was resolved, stating nothing else during the interview.

The selection of Poetsch to the head of the board follows the departure of former chairman Ferdinand Piech resigned earlier this spring, and served to unify the various factions involved in the infighting surrounding the ouster. The move also gave Winterkorn two extra years at the helm as CEO until 2018, though the management issues to date may stall whatever progress the automaker made in the United States as far as margins and performance go.

Photo credit: Autoviva/Flickr/CC BY 2.0

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