Former VW CEO Resigns as Audi Chairman in Wake of Scandal
- Martin Winterkorn was forced out from VW top job in September
- Audi posts 2% October sales gain, lagging behind competitors
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Volkswagen AG’s former Chief Executive Officer Martin Winterkorn resigned from his post as supervisory board chairman of the manufacturer’s Audi premium-car division, further scaling back his ties with Europe’s largest automaker amid an investigation into cheating on diesel-emissions tests that took place under his watch.
Winterkorn has stepped down as chairman with immediate effect, a spokesman for Audi said by phone. He resigned as CEO of Volkswagen in September, and Porsche Automobil Holding SE, its biggest shareholder, said on Oct. 17 that he’ll depart as head of that company as well. Winterkorn’s reluctance to give up all posts related to the company immediately sparked criticism from analysts over poor corporate governance.