Hans Dieter Pötsch replaces Ferdinand Piëch as VW Chairman

Newly appointed Austrian expected to bring stability to Europe’s biggest carmaker

VW Golf R mk7 review, price and specs

Volkswagen’s chief financial officer, Hans Dieter Pötsch, will replace Ferdinand Piëch as chairman of its supervisory board. The Austrian will fill the role that’s been vacant since Piëch left in April, and is expected to help bring stability back to Europe’s biggest carmaker.

VW’s decision to appoint Pötsch, who has held his current role since 2003, as chairman means he will lead the firm’s 20-member board with extensive inside knowledge. VW has confirmed that it had no intentions to externally source its new chairman, explaining that stability was essential in ensuring future security. 

Subscribe to evo magazine

Subscribe today to have every issue of evo delivered straight to you. You'll SAVE 39% on the shop price, and get evo for its original cover price for a whole year!

The announcement appears to have helped with the brand’s value already – VW’s share price rose by 2.7 per cent, though this is still down on Germany’s 3.2 per cent-stronger DAX.

VW recently lowered its global sales expectations as sales in China – its biggest market – slumped below predicted numbers. The firm has said that the smaller numbers were influenced by changes in market demand and increasing competition in Asia. The industry will be watching closely to see how long it takes for a Pötsch-led VW to end the sales decrease.

Pötsch beat the favourite, Martin Winterkorn, to the helm. It was Winterkorn that caused Piëch to stand down after the pair disagreed over strategy, but it is understood that Piëch is a supporter of Pötsch. Piëch is technically still under contract with VW until April 2017, and his support suggests he’ll work closely with his replacement.

>Read - The five cars of Ferdinand Piëch

Recommended

Visit/volkswagen/18328/2020-volkswagen-id3-1st-edition-priced-from-ps36000
Volkswagen

2020 Volkswagen ID.3 1st Edition priced from £36,000

22 Jul 2020
Visit/volkswagen/202520/visiting-volkswagen-autostadt-museum
Volkswagen

Visiting Volkswagen Autostadt museum

24 Apr 2020
Visit/volkswagen/202282/new-volkswagen-touareg-r-revealed-vws-performance-flagship-goes-hybrid
Volkswagen

New Volkswagen Touareg R revealed – VW’s performance flagship goes hybrid

24 Feb 2020
Visit/volkswagen/22170/volkswagen-id-r-everything-you-need-to-know
Volkswagen

Volkswagen ID R: everything you need to know

3 Feb 2020

Most Popular

Visit/mclaren/203132/mclaren-765lt-2020-review-latest-long-tail-returns-to-reset-the-status-quo
McLaren

McLaren 765LT 2020 review – latest Long Tail returns to reset the status quo

McLaren’s latest Long Tail fulfills its brief in once again pushing the supercar to the next level, the 765LT just has to prove its magic on the road …
29 Sep 2020
Visit/lexus/203133/lexus-lc500-cabriolet-2020-review-eccentric-convertible-is-as-glamorous-as-it-looks
Lexus LC

Lexus LC500 Convertible 2020 review – eccentric cabriolet is as glamorous as it looks

The eccentric LC500 cabriolet is better than a boulevard cruiser and feels every inch the halo product Lexus intended
29 Sep 2020
Visit/ford/mustang/201971/ford-mustang-mach-e-gt-turns-up-electric-suv-to-459bhp
Ford Mustang

Ford Mustang Mach-E GT turns up electric SUV to 459bhp

The all-electric Ford Mustang Mach-E SUV has gained a hot GT variant, rivalling Tesla’s Model Y Performance
28 Sep 2020
Visit/porsche/panamera/203126/porsche-panamera-turbo-s-2020-review
Porsche Panamera

Porsche Panamera Turbo S 2020 review 

Monster straight-line pace and impressive handling, but the Panamera sweet spot is found elsewhere
26 Sep 2020