• Jan 3rd 2011 at 10:32AM
  • 9
In a vote of confidence in his abilities, the Volkswagen Supervisory Board has elected to extend Dr. Martin Winterkorn's contract as the group's chief executive through 2016.

The German auto giant's management structure works a little differently than most corporations in the United States, with a supervisory board acting essentially like a board of directors, and a management board serving as the executive body. Therefore, the role that Winterkorn has occupied for four years now and will continue to fill for the next five is that of Management Board Chairman.

The extension of his current contract, which was not due to expire until the very end of 2011, creates some stability in an expanding empire that has very public aims to become the largest automaker in the world. Official announcement after the jump.

[Source: Volkswagen]
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Volkswagen Supervisory Board extends contract of Prof. Dr. Martin Winterkorn
Winterkorn to remain at the helm of Europe's largest carmaker until the end of 2016

Wolfsburg, 02 January 2011 - The Supervisory Board of Volkswagen Aktiengesellschaft has extended the contract of Management Board Chairman Prof. Dr. Martin Winterkorn unanimously by a further period of five years.

Winterkorn is to head Europe's largest carmaker until the end of 2016. Winterkorn became Chairman of the Management Board on January 1, 2007 and his current contract expires on December 31, 2011.

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    • 1 Second Ago
      • 4 Years Ago
      Hey Winterkorn, how about you increase the quality of your products so disasters like my Jetta with hundres of electrical problems don't happen anymore. Thanks.

      My sun roof opened itself yesterday. In the rain. Poltergeist car.
        • 4 Years Ago
        First check and make sure your sunroof drains aren't clogged, the ends of the drains are between the front door hinges; water on the sunroof controls are not a good thing. Then replace the sunroof switch, part should be about $67. That should keep your poltergeist at bay for at least a while.
        • 4 Years Ago
        Thanks for the tip Liters. My car was actually recalled for that exact problem, so the dealership serviced it. At one point, the sun roof would open, but not close (big problem).

        Oh well. I'm taking it in to get appraised as a trade-in for a 5.0 Mustang today. It was a good little car when it wasn't possessed.
      • 4 Years Ago
      Every time I read that name, I read it as "Winkerton".

      "Hi, my name is Smedley Winkerton"...

      OK, sorry, back on topic...

      • 4 Years Ago
      By the way, before we go any further. My new years resolution was not to post less on Autoblog. Sorry guys…………….haha
      • 4 Years Ago
      As long as he stays on the good side of Herr Piech, everything will be fine.
        • 4 Years Ago
        i'm sorry to say ... but his name is
        her doctor ingenieur Piech

        : )

        officially you must greet him like that, because he is.
      • 4 Years Ago
      I see Volkswagen's world's largest automaker ambitions haven't as yet been dashed by anything such as reality.