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VW may be about to decide Hartz's successor

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VW may be about to decide Hartz's successor

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The Volkswagen supervisory board’s steering committee may decide at its Wednesday meeting who will succeed Peter Hartz, the management board member responsible for personnel. That is according to the Chief Minister of the state of Lower Saxony, Christian Wulff, who is also a member of the board through the state’s major shareholding in the carmaker. Hartz resigned following bribery allegations, even though he was not directly involved. Volkswagen’s Chief Executive Bernd Pischetsrieder has said he respects Hartz’s decision to step down to “to take political responsibility for events” and “prevent damage to the company.” Even if the steering committee does decide on a successor to Hartz this week their vote will still have to be approved by the full supervisory board. An external auditor KPMG is looking into the bribery allegations at VW’s Czech unit Skoda and there are also criminal investigations underway.