VW CFO set to become new chairman

Hans Dieter Potsch
Hans Dieter Potsch

Volkswagen's finance chief Hans Dieter Potsch is slated to become the new company chairman, the German automaker said today.

He was endorsed by the automaker's top-level committees.

"We are confident that Potsch is the right candidate for the position of chairman of the Supervisory Board. Mr. Potsch is characterised by strategic vision, comprehensive knowledge of the automotive industry and considerable expertise in the financial markets," said the Deputy Chairman of the Supervisory Board Berthold Huber.

The Executive and Nomination Committees of the Supervisory Board of Volkswagen AG decided on Potsch in a meeting today.

The Supervisory Board will decide on a successor for Potsch.

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