Wolfsburg, 11 January 2007 - Dr. rer. pol. Wolfgang Bernhard, Chairman of the Volkswagen brand group and member of Volkswagen AG’s Board of Management, will leave the Company by mutual agreement as of January 31, 2007 as part of the reorganization of responsibilities within the Volkswagen Group.
Dr. Bernhard has been a member of Volkswagen AG’s Board of Management since February 1, 2005; since May 2005, he has been responsible for the Volkswagen brand as Chairman of the brand group.
The Company would like to thank Dr. Bernhard for his work in the past years and wishes him all the best for his future career. Prof. Dr. Martin Winterkorn, who will take over the management of the Volkswagen brand group in addition to his present duties, emphasized that Dr. Bernhard had furthered the process of restructuring of the Company and hence increased the productivity of the Volkswagen brand.
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