Porsche - CEO Wiedeking to get seat on VW sup board

Newswire

FRANKFURT, Jan 20 (Reuters) - Volkswagen's two biggest shareholders have struck a deal that will give sports car maker Porsche's chief executive a seat on VW's supervisory board from Monday, Porsche said on Friday. Under a deal agreed with the German state of Lower Saxony, Porsche's finance chief will also be proposed for a VW supervisory board seat in May, giving it the two seats it has demanded as VW's biggest investor, a Porsche spokesman said. VW Chairman Ferdinand Piech will not ...

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