Wife of VW paterfamilias Piëch up for Audi supervisory board [cardvd-player.net]

In a move seen as another way to control Piëch-Porsche family to take advantage of its strength in the largest automaker in the continent, Ursula Piech – wife of President Ferdinand Piëch – will join the supervisory board of Audi at the annual meeting of the shareholders on May 16. Put Piëch’s wife, a kindergarten teacher for 56 years, the board is seen as a formality, since the Porsche and Piëch families have control over 90 percent of Porsche SE holding company (majority owner of the ordinary shares Volkswagen).
Although formally trained to educate children, this is not the first social function of Ursula Piëch. In 2010, Piëch chose his wife to be deputy director of Austria on the basis of two foundations that control shares owned by Porsche and VW. He sat on the board of Wolfsburg-based VW almost a year ago.
Piëch Chairman will turn 76 next week, and his wife is to be the interests of her husband when he dies.

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This entry was posted in Volkswagen and tagged ferdinand piech, piëch, piech porsche volkswagen, supervisory board, ursula piech, Volkswagen, VW, vwag. Bookmark the permalink.

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