Two More VW Executives Said to be Departing Amid Emissions Scandal -- Update
24 Settembre 2015 - 5:47PM
Dow Jones News
By Hendrik Varnholt
FRANKFURT--Two top lieutenants of former Volkswagen AG Chief
Executive Martin Winterkorn are being replaced, according to people
familiar with the situation--the latest fallout from the company's
admission that software embedded in its engines duped U.S.
diesel-emissions testing.
Ulrich Hackenberg, chief technology officer of VW's Audi unit,
and Wolfgang Hatz, board member for research and development at
VW's Porsche AG, are to be replaced, two people familiar with the
situation said Thursday.
VW's entire supervisory board, a group of executives including
major shareholders who preside over management in a similar way as
a U.S. board of directors, is slated to meet Friday. Mr. Winterkorn
resigned Wednesday.
Members of the supervisory board's executive committee said
after their meeting Wednesday and after Mr. Winterkorn's
resignation, further personnel decisions will be taken at Friday's
meeting.
Mr. Winterkorn's resignation Wednesday follows a calamitous week
after a disclosure last Friday by the U.S. Environmental Protection
Agency that Volkswagen allegedly used software on some of its
Volkswagen and Audi diesel-powered cars that make them appear to
run cleaner in tests than they do on the road.
On Tuesday, Volkswagen disclosed that as many as 11 million cars
were affected and possibly subject to a global recall. The company
issued a profit warning and announced it was taking a EUR6.5
billion ($7.27 billion) provision against earnings to cover the
costs of fixing the software.
Write to Hendrik Varnholt at hendrik.varnholt@wsj.com
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(END) Dow Jones Newswires
September 24, 2015 11:32 ET (15:32 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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