Pursuits

VW Seeks to Fill Power Vacuum by Friday With CEO Appointment

  • Porsche chief and former BMW executive seen as candidates
  • Winterkorn's departure was "only a first step," lawmaker says

VW Seeks New Leader to Control Diesel Dupe Crisis

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As Volkswagen AG seeks to replace discredited Chief Executive Officer Martin Winterkorn, the leading candidates range from a decades-long veteran of VW to a pair of newcomers who have been with the company less than a year.

Winterkorn resigned Wednesday after revelationsBloomberg Terminal that the company cheated on diesel emission tests and may face criminal charges in the affair. The automaker’s supervisory board said it will discuss his replacement at its meeting on Friday.