Volkswagen Chairman Ferdinand Piech Resigns – Wall Street Journal

Posted: Sunday, April 26, 2015

FRANKFURT—An era at one of Europe’s biggest corporations ended dramatically Saturday when Ferdinand Piech, chairman of Volkswagen AG and grandson of the company’s founder, unexpectedly resigned after losing a rancorous battle to oust Chief Executive Martin Winterkorn.

Mr. Piech has dominated Volkswagen for decades, steering the company’s rise to become a global automotive group with more than 600,000 employees that is poised to…


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