AutoIndustriya.com / Audi Press | June 20, 2018 01:50
Audi Sales and Marketing Director steps in for jailed CEO
Audi names Sales and Marketing Director Abraham 'Bram' Schot as its interim Chairman and CEO in the wake of Rupert Stadler's arrest on Monday, June 18.
Stadler was taken into custody at the request of the Munich II Public Prosecutor's Office for alleged involvement in the massive diesel scandal that has rocked the Volkswagen Group since 2015.
According to a statement by Audi, "Stadler has requested that the Supervisory Board release him from his position in the Board of Management of AUDI AG and in the Board of Management of Volkswagen AG. The Supervisory Boards of Volkswagen and Audi have complied with Stadler’s request to release him from his duties. This release applies temporarily, until the circumstances that led to his arrest have been clarified."
Schot was president and CEO of Mercedes-Benz Italia before Volkswagen Group hired him in 2011 to head strategic projects for group sales. He was later promoted as Sales and Marketing Director for Volkswagen Commercial Vehicles in 2012.
The 56 year-old executive was appointed Member of the Board of Management of AUDI AG with responsibility for Sales and Marketing in September of 2017.