Franz Josef Paefgen
The game of game of CEO musical chairs at Volkswagen is still underway. Wolfgang Dürheimer (at right), formerly executive vice president of Porsche, is now the chairman and CEO of Bentley. Dr. Franz-Josef Paefgen (above), the company's current CEO, will retire in February after eight years of leading the ultra-lux brand. Though he's hit the traditional German retirement age of 65, the well-regarded exec is slated to stay on the payroll as a consultant for VW and an adviser for Bentley.
The debate as to whether Bugatti was going to create a second model eventually led to former Bugatti head Thomas Bscher's resignation. Bscher wanted another car, Martin Winterkorn, head of VW, said that a second car would remain nothing more than Bscher's dream.