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Europe,
Hirings/Firings/Layoffs,
Audi,
Porsche,
Volkswagen
In a move seen as yet another way for the controlling Piech-Porsche family to leverage its muscle over the continent's biggest automaker, Ursula Piech - wife of chairman
Ferdinand Piëch - is set to join the
Audi supervisory board at the annual shareholder's meeting on May 16. Putting Piëch's wife, a 56-year-old kindergarten teacher, on the board is seen as just a formality as the Piëch and
Porsche families already control more than 90 percent of the Porsche SE holding company (owner of a majority of
Volkswagen common stock).
Although formally trained to educate young children, this isn't Ursula Piëch's first corporate role. In 2010, Piëch chose his wife to be deputy head of two Austria-based foundations that control owned stakes in Porsche and VW. She took a seat on the board of Wolfsburg-based VW almost a year ago.
Chairman Piëch will turn 76 next week, and his wife is set to take over her husband's interests when he dies.
Wife of VW paterfamilias Piëch up for Audi supervisory board originally appeared on
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Report: Wife of VW paterfamilias Piëch up for Audi supervisory board
