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VW supervisory chief denies new move to oust CEO

Ferdinand Piech rejects media reports that he is plotting a new coup to try to oust Volkswagen chief executive Martin WinterkornVolskwagen’s supervisory board chief Ferdinand Piech rejected media reports Thursday that he is plotting a new coup to try to oust the German carmaker’s chief executive, Martin Winterkorn. “I am not organising Martin Winterkorn’s replacement,” Piech, 78, told the mass-circulation daily Bild. Piech was responding to a report by German public broadcaster NDR claiming the supervisory board chief was plotting to have 67-year-old Winterkorn replaced. According to NDR, Piech is trying to drum up a majority on the full supervisory board to have him removed from his post.

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