Hardcore Duc fan Ferdinand Piech retains position at top of VW tree...
IN all the kerfuffle over Ducati's buyout by Audi one key point has largely been missed – namely that the biggest Ducati fan in the whole VW empire could have been forced out just as the deal was being confirmed.
Ferdinand Piech, chairman of Volkswagen's supervisory board and former CEO and chairman of the firm, is the figurehead and driving force at VW. Forced by company policy to 'retire' at 65, by taking the position on the supervisory board he's still arguably leading the company a decade later. However, yesterday at the firm's shareholder conference he had to stand once more for election to the supervisory board, and could easily have been ousted.
Instead he has been granted another five-year term, meaning he's going to remain at the head of the company until he's 80 years old.
Read more: http://www.visordown.com/motorcycle-news-industry/ducati-passes-key-hurdle/20488.html#ixzz1scBEynAe
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