Having already resigned as CEO of the Volkswagen Group, Martin Winterkorn brings his departure closer to completion by stepping down as chief executive of Porsche SE, VW's largest shareholder.
Former Volkswagen CEO Martin Winterkorn still serves as chairman of Porsche SE, Audi, Scania, and Truck & Bus GmbH. But he's expected to resign from those posts soon as well.
The Volkswagen board is supporting the nomination by the Porsche family to name the company's current chief financial officer to serve as its new chairman.
The Executive Committee of Volkswagen's Supervisory Board recommends the renewal of Martin Winterkorn's contract to remain CEO for another three years.
Toshihiro Suzuki, currently an executive vice president of his family's company, has been named its president and chief operating officer. His father remains chairman and CEO.
Ferrari could have had one of its own chairing the board of the Formula One Group, but the company's new chairman reportedly blocked the appointment.
Big changes are afoot in the top ranks at BMW, as the Bavarian automaker has announced not just one, but several appointments in the top floors of its towering headquarters in Munich in what the company itself is referring as "a generational change" in its leadership.
Earlier this month we brought you a report that Luca di Montezemolo – the longtime but recently ousted Ferrari chief – was to take up a new position as the chairman of Alitalia. And now the troubled but resurgent Italian airline has confirmed his appointment as part of its new board of directors.
The problems plaguing automotive supplier Takata this year for its faulty airbag inflators are starting to take their toll. Not only do an estimated 7.8 million vehicles need repairs, but it's facing an investigation by the National Highway Traffic Safety Administration. A recent report also alleges that hidden attempts to fix the problem date back to as early as 2004. With all of this turmoil you might expect Takata's chairman, Shigehisa Takada, to be righting the ship, but the man is no where
Luca di Montezemolo may be 67 years old, but he's not quite ready to retire just yet. Not, at least, if the latest reports emanating from Italy are to be believed. According to Reuters, the longtime former Ferrari chief is due to be named chairman of Alitalia.
Holden had a crisis of leadership over the past few years. GM's Australian division had three chief executives in as many years, before Mike Devereux steered it through a period of relative stability for the better part of three years. Devereux was succeeded earlier this year by Gerry Dorizas, but after less than eight months on the job, Dorizas is stepping down, too.
If the history of an automaker is divided up by the mandate of its leadership, then this is surely the end of an era for Ferrari. After repeatedly locking horns with Fiat Chrysler CEO Sergio Marchionne over a variety of issues, longtime Ferrari chairman Luca di Montezemolo has announced his resignation.
Aston Martin has been without a helmsman since Ulrich Bez stepped down from the chief executive office at the end of last year to serve as non-executive chairman in a semi-retired ambassadorial capacity. The British automaker, now on the cusp of a new era, has been running without a CEO since, but has now named Bez's replacement in Andy Palmer.
Takashi Yamanouchi has been with Mazda for a long time. He signed on with the Japanese automaker in April 1967 – one month after graduating from Keio University – and rose through the ranks over the years. By 1996 he was named to the company's board of directors. In 2008 he was named president and CEO, an office he held until 2013, after which he handed over the day-to-day reins to Masamichi Kogai and took up the seat at the head of the board room to serve as the company's chairman.
Change is afoot at PSA. The parent company of both Peugeot and Citroën is on the verge of securing major funding from both the French government and from Chinese automaker Dongfeng, it recently named former Renault COO Carlos Tavares as its chief executive officer, and now it has selected its new chairman.
A report in Japan's Nikkei newspaper cited by Automotive News claims that the father of the Prius, Takeshi Uchiyamada, will take the role of chairman at Toyota. Currently Toyota's vice chairman, Uchiyamada joined the automaker in 1969, and in 1994 became the chief engineer of the Vehicle Development Center that birthed The Hybrid to Rule Them All. He said of it, "When we started, the purpose wasn't to do a specific car project. It was to make a vehicle suitable for the 21st century." A specialis