Volkswagen to Appoint Former ZF CFO to Management Board -Source

Date : 07/09/2018 @ 4:10PM
Source : Dow Jones News
Stock : Volkswagen (PC) (VLKAY)
Quote : 32.01  0.0 (0.00%) @ 1:00AM

Volkswagen to Appoint Former ZF CFO to Management Board -Source

Volkswagen (PC) (USOTC:VLKAY)
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   By William Boston 

Volkswagen AG (VOW.XE) is set to appoint Stefan Sommer, the former chief executive of ZF Friedrichshafen AG, to its management board as head of procurement, a person familiar with the situation said Monday.

The news was first reported by German newspaper Handelsblatt. The newspaper said Volkswagen's supervisory board would meet later Monday about the appointment.

Mr. Sommer stepped down as CEO at auto supplier ZF Friedrichshafen in December.

Volkswagen's previous head of procurement, Javier Garcia Sanz, left the company in April.


Write to William Boston at


(END) Dow Jones Newswires

July 09, 2018 10:55 ET (14:55 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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