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VW working hard to quickly find Piech successor: CEO

May 05, 2015 at 04:17 am EDT

HANOVER, Germany (Reuters) - Volkswagen aims to quickly find a successor to Ferdinand Piech who quit as chairman week before last, after 13 years in the position, following a damaging public leadership dispute with Chief Executive Martin Winterkorn, the CEO said.

"The executive committee and the supervisory board are working hard to swiftly resolve the remaining issues with regard to the composition of the supervisory bodies in the best possible manner," Winterkorn said at the carmaker's annual shareholder meeting on Tuesday.

Winterkorn, who was backed in the showdown with Piech by VW's works council and stakeholder Lower Saxony, said the group had "clarity" on future strategy despite the turbulences and rushed to thank Piech for his achievements.

"It is good that we have returned to calmer waters," the CEO said. "We can concentrate fully on our business."

Earlier on Tuesday, VW announced the creation of a truck holding to bundle its heavy-duty commercial vehicle brands MAN and Scania.

(Reporting by Andreas Cremer; Editing by Maria Sheahan)

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Ferdinand Karl Piëch

Ferdinand Karl Piëch served as Chairman-Supervisory Board at Volkswagen AG from 2002 to 2015.
He also held the same position at MAN SE and was a Director at Ducati Motor Holding SpA.
Piëch was a Director-Supervisory Board at AUDI AG, Porsche Holding GmbH, Porsche AG, and Porsche Retail GmbH.
He was also a Director at alphaEOS AG and a Member-Supervisory Board at Scania AB, Porsche Automobil Holding SE, Porsche Austria GmbH & Co. OG, Scania CV AB, Porsche Austria GmbH, Porsche Piech Holding AG, and Porsche Holding Stuttgart GmbH.
Piëch graduated from the Swiss Federal Institute of Technology.

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