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Prof. Dr. Martin Winterkorn



Editor's note: It has been reported in USA that Volkswagen's most recent Annual Report indicates that the former CEO's pension is valued at $32,000,000 (USD) excluding any severance pay (if applicable).

Volkswagen CEO gone

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24th September, 2015 - Volkswagen emissions scandal

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24th September, 2015

A statement by Prof. Dr. Winterkorn dated Wolfsburg 23rd September, 2015.

I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group.

As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group. I am doing this in the interests of the company even though I am not aware of any wrong doing on my part.

Volkswagen needs a fresh start also in terms of personnel. I am clearing the way for this fresh start with my resignation.

I have always been driven by my desire to serve this company, especially our customers and employees. Volkswagen has been, is and will always be my life.

The process of clarification and transparency must continue. This is the only way to win back trust. I am convinced that the Volkswagen Group and its team will overcome this grave crisis.


E&OE.


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