Volkswagen to Daimler: We Could Do With Your Help on Compliance
- Daimler agrees to request for top executive to jump ship to VW
- Volkswagen creates management board position for compliance
Is Volkswagen Losing its Grip?
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As Volkswagen AG reels from one of the worst corporate scandals in German history, Chairman Hans Dieter Poetsch had an unusual request for his counterpart at Daimler AG: could we have one of your top managers to help dig us out of this mess?
Surprisingly, Daimler Chairman Manfred Bischoff consented, releasing compliance chief Christine Hohmann-Dennhardt from her contract so that she can take over a new VW management-board position focused on integrity and legal affairs.