VW CEO sees outsiders as potential successors image

According to German weekly magazine Stern, Volkswagen AG chief executive Martin Winterkorn has set his eyes on Andreas Renschler and Herbert Diess, two new executives hired after leaving rivals Daimler and BMW, as potential successors.

The boss of the second largest automaker in the world and Europe’s biggest also implied he hasn’t made his mind up yet if he would seek another four-year term – saying that numerous factors will influence his and the company’s decision when his current term ends in 2016. “Four years ago I could not have imagined working until I am 69,” commented Winterkorn. “The decision about who will succeed me is not an easy one for the supervisory board,” the executive was quoted as saying by the German magazine. According to the weekly, both Renschler and Diess are among viable candidates for the top position at the automaker that has as objective becoming global No.1 in the next years, besting Japan’s Toyota.

“Both colleagues are managers who did good work in their previous jobs, otherwise we would not have hired them. A Volkswagen boss has to have a big affinity to our products. He needs to be close to customers, and he needs to have a relationship to dealers,” the magazine further quoted Winterkorn, adding that the managers also seen as potential candidates also come from within the internal structure. He added that among the favoring attributes, an engineering degree is now considered a plus.

Via Reuters