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Börse Express – OTS: Börsen-Zeitung / Crippling Leadership Crisis, Commentary on VW by Carsten …

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Crippling leadership crisis, commentary on VW by Carsten Steevens

Frankfurt (ots) – Herbert Diess must be the CEO of
Volkswagen cars

Hand in at the end of June after five years. Shortly before the planned
Market launch of the

for the entire VW group important compact car ID3, which
contribute

is to make electromobility suitable for the masses

The supervisory board gives direct responsibility to the group chief
most important brand,

which a year for more than half of the world’s
Vehicle deliveries from the

Group stands. A dismantling that leaves doubt that the
earlier

BMW board in Wolfsburg still have a long future ahead of them
becomes.

In a phase in which, given the high cash outflows due to
the

Corona crisis and the expensive technology change more than ever
Pooling of powers

and unity in the company would be necessary
Volkswagen one

crippling leadership crisis. On the fact that in the past
Days and

Weekly widened gap between the board and dies
Duration

bridged suggests little.

On Tuesday, the group saw itself pressured to do so
a

Apologies of dies “in all forms” to the members of the
Supervisory board

to publish. His statements in a conference with thousands

Executives, the members of the supervisory board apparently as
accusation

understood, because of company internal, which allegedly targeted the

The public were punished for making them punishable,
were considered in

Wolfsburg as unacceptable. The supervisory board had the
Excuse me

accepted and will continue to do so in his work
support. In order to

Swam over and back on the agenda?

This has – because of the members of the control body as
Undermining of

Authority statements were about to be kicked out,
becomes

spread. Some have formal legal concerns
Decision makers yet

held. Anyway: It’s a mess Volkswagen in
these days

presents. The Supervisory Board no longer considers this to be suitable
the operational

Fix core brand issues. That should now Ralf
Create Brandstätter,

responsible for day-to-day business since August 2018.

For the CEO who has been in office for a good two years, there are currently
apparently

no successor candidate who is also from the perspective of
Owner families Porsche

and Piëch would be suitable. But after weeks at VW
especially

powerful disassembly carried out by workers on the side is surprising
also that thiss

accepted the cut back of its power.

Press contact:

Stock exchanges newspaper

editorial staff

Telephone: 069–2732-0

www.boersen-zeitung.de

Further material: https://www.presseportal.de/pm/30377/4618849

OTS: Börsen-Zeitung

AXC0315 2020-06-09 / 20:31

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