Volkswagen board to discuss future of Audi CEO Stadler next week

CEO Rupert Stadler

The supervisory board of Volkswagen is going to meet on Monday to talk about the future of Rupert Stadler, the suspended CEO of its premium brand Audi, German magazine Der Spiegel reported on Friday.

The magazine stated the board was due to come to the decision if Stadler, who has been in police custody since mid-June as part of a broader investigation into emissions cheating at Audi, should quit his position.

Citing sources knowledgeable about the company, Spiegel said it was probable that Stadler would be asked to renounce the role, observing as he was not able to perform the duties of an executive.

Both Volkswagen and Audi have stated that Stadler is presumed innocent until proven otherwise.

A source informed Reuters the factor for the supervisory board meeting was to talk about further steps towards a potential listing of VW’s truck and bus subsidiary and not Stadler.

However, sources close to the company expect that the board will also discuss about Stadler although no decisions are anticipated.

Volkswagen refused to discuss the report.

In July, Volkswagen recruited BMW engine development and purchasing expert Markus Duesmann, who has been touted as a possible successor to Stadler as automaker looks for clean-engine skills to help it shake off the emissions scandal.

Stadler was forced to step down temporarily once he was taken into custody on suspicion of interfering with an emissions probe. Sales executive Bram Schot is currently acting as interim replacement.

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