Winterkorn Isn't Completely Out at VW
- Winterkorn remains CEO of Porsche Holding, top VW shareholder
- Former VW boss also still has roles at Audi, VW truck unit
Germany Wants VW Clean-Up Plan by October 7
As new Volkswagen AG Chief Executive Officer Matthias Mueller seeks to repair the automaker’s image, his moves will be overseen by none other than his scandal-scarred predecessor, Martin Winterkorn.
While Winterkorn was pressured to step down as VW’s CEO last week, he remains in the top executive job at Porsche Automobil Holding SE, which owns 52.2 percent of the automaker’s voting stock. He’s also still chairman of VW’s publicly traded Audi AG unit as well as the group’s truck holding company, among other positions. His continued role is a contentious issue especially for labor leaders, said people familiar with the issue. It also raises questions about whether VW can truly reform itself with old-guard insiders in key positions.