BMW Executive Set to Become New Audi CEO -Handelsblatt

Date : 07/24/2018 @ 7:07AM
Source : Dow Jones News
Stock : Volkswagen (PC) (VLKAY)
Quote : 32.01  0.0 (0.00%) @ 1:00AM

BMW Executive Set to Become New Audi CEO -Handelsblatt

Volkswagen (PC) (USOTC:VLKAY)
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--The purchasing head of German premium car maker BMW, Markus Duesmann, is set to become the new chief executive of Audi, German daily newspaper Handelsblatt reported Tuesday, citing company sources.

--Mr. Duesmann left BMW for "personal reasons" and won't be able to start his new job for at least six months, due to a non-compete clause, according to the newspaper.

--Audi's previous CEO Rupert Stadler was arrested in connection with the diesel emissions scandal

--The position of interim chief executive at Audi, Volkswagen's premium car maker, is held by Bram Schot.


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(END) Dow Jones Newswires

July 24, 2018 01:52 ET (05:52 GMT)

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

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