· Chairman of the Supervisory Board of the Volkswagen Group confirmed the resignation

On the 26th, the German Volkswagen Group issued an official statement. The statement made it clear that Pi皮ch has resigned as the chairman of the Supervisory Board of the Volkswagen Group and no longer serves as a member of the Supervisory Board and any position within the Volkswagen Group. This decision takes effect immediately. Huber, the vice chairman of the board of supervisors, will temporarily take over the board of supervisors until the election of the new chairman.
Two weeks ago, Pi皮ch had publicly expressed his dissatisfaction with the CEO of the Volkswagen Group, Wen Deen, and tried to use the board of directors to drive Wendeng out of the Volkswagen Group. However, many board members, including the president of Volkswagen Group's largest shareholder Porsche Holdings Ltd., the Lower Saxony State Government of Germany, and the Volkswagen Union, all expressed their support for Wendeng, which made Pi皮ch into a very embarrassing situation and ultimately led to He made the decision to resign.
It is reported that Pi皮ch's wife Ursula also resigned her position in the board of supervisors. Auto analysts believe that the resignation of Pi皮ch and his wife means that the existing balance of power of the board of supervisors has been completely broken, and the future direction of the Volkswagen Group will change.
According to the plan, the chairman vacancy left by Pi皮ch will be resolved at the meeting of the Volkswagen Group Supervisory Board on May 4 and the annual general meeting of the Volkswagen Group Company on May 5. At that time, the chairman of the new Supervisory Committee will be elected by the shareholder representative of the Board of Supervisors.

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