Previously head of marketing, Schot has been interim CEO since June Audi has formally appointed Bram Schot as permanent CEO, a role he was given on an interim-basis after the arrest of previous CEO Rupert Stadler.In announcing the appointment, Herbert Diess, head of the Volkswagen Group, said Schot had done a "convincing job in recent months... [in] pushing forward with the cultural change in his team and is effectively tackling the current challenges".He will officially become the luxury marque's CEO on January 1, 2019. Schot has been the automaker's head of sales and marketing since 2017, a role a he will keep "temporarily".Born in the Netherlands, Schot was previously head of Mercedes-Benz Italia. He became the marketing and sales chief for Volkswagen's commercial vehicles arm in 2012.Schot was appointed interim CEO of Audi after Rupert Stadler was arrested in June by German authorities because he allegedly tried to suppress evidence related to the country's on-going Dieselgate … [Read more...] about Bram Schot appointed Audi CEO on permanent basis
Dieselgate volkswagen italia
Audi‘s supervisory board has appointed Bram Schot as the new chairman of the board of management effective January 1, 2019. Schot, previously Audi’s sales chief, was named as interim chief executive in June following the arrest of then-CEO Rupert Stadler. The German automaker moved to fire Stadler in early October, shortly before he was released from custody. “With the appointment of a new Chairman of the Board of Management, we have laid important groundwork for Audi’s future orientation”, Audi Supervisory Board chairman and VW Group chief executive Dr. Herbert Diess said. “As interim CEO, Bram Schot has already done a convincing job in recent months. He is pushing forward with the cultural change in his team and is effectively tackling the current challenges.” As the chairman of the board of management of Audi AG, Schot will also oversee Ducati, Lamborghini, and Italdesign Giugiaro. Temporarily, he will also be the board member responsible … [Read more...] about Bram Schot Confirmed As New Audi CEO To Replace Rupert Stadler
Hyundai is reportedly planning a takeover bid for Fiat Chrysler Automobiles as the exit of Sergio Marchionne as chief executive draws closer. Sources close to the issue tell Asia Times that the bid will be launched this summer, before FCA’s annual shareholders’ meeting in May 2019 when Marchionne steps down. FCA’s shares are expected to take a hit during this time, therefore lowering its overall value. The man driving the bid is said to be Paul Singer, the principal of Elliott Management. Singer is an activist shareholder in Hyundai with a stake worth $1 billion. He recently named Fiat Chrysler chief executive of Europe, the Middle East and Africa, Alrfredo Altavilla, as a board member of Telecom Italia, a company Singer also owns a major stake in. Asia Times reports that Marchionne drew Hyundai’s attention by using interest from Great Wall Motor. In recent years, Marchionne has been very open about wanting Fiat Chrysler Automobiles to merge with another large … [Read more...] about Could Hyundai Actually Be Planning A Takeover Bid For FCA?
MUNICH (Reuters) - Volkswagen (VOWG_p.DE) suspended Audi boss Rupert Stadler and announced an interim replacement on Tuesday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe. FILE PHOTO: Rupert Stadler, CEO and Chairman of the Board of Management of Audi, attends the "AI for Good" Global Summit at the International Telecommunication Union (ITU) in Geneva, Switzerland June 7, 2017. REUTERS/Denis Balibouse/File Photo Audi said Stadler, 55, had requested to temporarily step down from his position, and named sales executive Abraham Schot as an interim replacement with immediate effect, confirming an earlier Reuters story. Stadler’s arrest has thrown Volkswagen (VW) back into turmoil almost three years after it admitted to using illegal software to cheat U.S. emissions tests on diesel engines. Analysts said the arrest raised questions about whether Europe’s biggest carmaker had done enough to … [Read more...] about VW names interim Audi boss, seeking to steady brand after CEO arrest