Volkswagen Chairman Piech, Wife Resign All Posts at Carmaker
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Volkswagen AG supervisory board Chairman Ferdinand Piech resigned from all of his posts at the carmaker along with his wife, Ursula, ending a power struggle with other company leaders supporting Chief Executive Officer Martin Winterkorn.
Deputy Chairman Berthold Huber will lead the board until a permanent replacement is elected, Volkswagen said in an e-mailed statement Saturday. The company didn’t specify the reason for the departure.