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Volkswagen Renschler to replace Piech as MAN chairman

Published 06/05/2015, 09:45
Updated 06/05/2015, 09:52
© Reuters. Volkswagen Member of the Board of Management Renschler smiles during the annual news conference of Volkswagen in Berlin
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FRANKFURT (Reuters) - Andreas Renschler, the board member in charge of commercial vehicles at Volkswagen (DE:VOWG_p), will replace Ferdinand Piech as chairman of truck maker MAN (DE:MANG), MAN said on Wednesday.

Piech resigned from all his supervisory board posts including the VW chair on April 25 after losing a showdown with VW Chief Executive Martin Winterkorn.

Volkswagen said on Tuesday it was creating a commercial vehicles group to align its truck divisions MAN and Scania, pushing its long-standing ambition to become Europe's largest truck maker, which was a pet project of Piech's.

© Reuters. Volkswagen Member of the Board of Management Renschler smiles during the annual news conference of Volkswagen in Berlin

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