Former Volkswagen chairman and CEO, Ferdinand Piëch, dies
Piëch is remembered by colleagues for making Porsche "a brand in racing through legendary vehicles as the 917"
Former supervisory board chairman and chief executive officer of Berlin, Germany-headquartered automaker Volkswagen Group, Prof Dr Ferdinand Piëch — who stepped down from his roles at the company in 2015 — has passed away.
In a statement released by the group, chairman of the supervisory board of Volkswagen Aktiengesellschaft, Hans-Dieter Pötsch, said: “Ferdinand Piëch has written automotive history – as a passionate manager, ingenious engineer, and a visionary entrepreneur.
“Since the 1960s, he has significantly shaped the development of the automobile, pushing forward the entire industry and above all Volkswagen, transforming the company into a global mobility group,” Pötsch added.
Piëch began his career at Audi AG in 1972 and was appointed CEO of the group in 1988, before taking over as CEO of Volkswagen Aktiengesellschaft in 1993.
In 2002, Piëch was elected as the chairman of the supervisory board of Volkswagen Aktiengesellschaft.
Mourning Piëch’s loss, CEO of Volkswagen Aktiengesellschaft, Dr Herbert Diess, said: "As a young engineer, [Piëch] has made Porsche a brand in racing through legendary vehicles such as the 917 and the Le Mans victory.
“Heading the Volkswagen Group, Piëch has advanced its internationalisation, the integration of Bentley, Lamborghini, and Bugatti into the group, and has led our volume brands to international competitiveness through a consistent platform strategy.
“Piëch brought quality and perfection down to the last detail in the automotive industry, deeply anchoring it in the Volkswagen DNA,” Diess added.