Thursday, January 11, 2007

Rumors laid to rest: Bernhard leaves Volkswagen

Rumors had been brewing since late last year, ever since Bernd Pischetsrieder left Volkswagen, that Wolfgang Bernhard would be the next to go. Today, Volkswagen has put rumors to rest by officially announcing that Wolfgang Bernhard will be resigning as the Chairman of the Volkswagen brand group effective January 31, 2007. The position will be added to Martin Winterkorn's list of responsibilities.

When he was given the position in May 2005, he was put in charge to increase productivity, reduce costs, and improve quality. And while he has made great strides in accomplishing this goal, there is still some ways to go. His leaving while the job's not done surely won't help matters.

Read Volkswagen's press release after the jump.

Source: Volkswagen AG.
WOLFSBURG, Germany - Dr. rer. pol. Wolfgang Bernhard, Chairman of the Volkswagen brand group and member of Volkswagen AG’s Board of Management, will leave the Company by mutual agreement as of January 31, 2007 as part of the reorganization of responsibilities within the Volkswagen Group.

Dr. Bernhard has been a member of Volkswagen AG’s Board of Management since February 1, 2005; since May 2005, he has been responsible for the Volkswagen brand as Chairman of the brand group.

The Company would like to thank Dr. Bernhard for his work in the past years and wishes him all the best for his future career. Prof. Dr. Martin Winterkorn, who will take over the management of the Volkswagen brand group in addition to his present duties, emphasized that Dr. Bernhard had furthered the process of restructuring of the Company and hence increased the productivity of the Volkswagen brand.

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