Audi: Abraham Schot Named Interim CEO After Stadler Arrest
19 June 2018 - 10:07PM
Dow Jones News
By Max Bernhard
Volkswagen AG's (VOW.XE) premium car maker Audi AG (NSU.XE) on
Tuesday appointed Abraham Schot as interim chief executive, after
current CEO Rupert Stadler was arrested in connection with an
investigation into emissions cheating on Monday.
Mr. Stadler was released from his duties at Audi and from the
management board of Volkswagen at his request, the company
said.
"This release applies temporarily, until the circumstances that
led to his arrest have been clarified," Audi said.
Mr. Stadler was arrested Monday morning in connection to an
investigation into his involvement in the emissions scandal of Audi
and parent company Volkswagen. Prosecutors said there were
"concrete indications" that he had tried to influence people and
other suspects in the probe.
Mr. Schot has been on Audi's management board as the head of
sales and marketing since September 2017.
Write to Max Bernhard at max.bernhard@dowjones.com
(END) Dow Jones Newswires
June 19, 2018 07:52 ET (11:52 GMT)
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