The supervisory board of the German motor vehicle firm Volkswagen agreed on Tuesday night to abolish two seats on the company’s twelve-member board. Resources familiar with the circumstance informed Reuters on Wednesday. The issue, which contains Czech Škoda Auto, between others, declined to remark on this facts.
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Starting up Thursday 1 September, the current Chairman of the Board of Administrators, Herbert Diess, will be changed by Oliver Blume, who is now a member of the Board of Directors liable for the luxury and athletics automobile marketplace. Blume will also be in charge of this region as president, so total the quantity of board members should be minimized from twelve to nine.
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According to a single of the resources from the Reuters agency, the positions responsible for paying for and revenue are anticipated to be eradicated from the board of administrators. Murat Aksel and Hildegard Wortmann are accountable for profits on the board of directors.
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Volkswagen introduced in late July that in the 1st fifty percent of the calendar year, just after-tax profit greater by a lot more than a quarter 12 months-on-calendar year to € 10.6 billion (about SEK 260 billion).
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