Insiders are watching closely to see who might take the lead in this Austrian-German family with a past as plagued as it is prestigious. No-one is a shoo-in for the role.
Marlene left Gerhard for Piëch, creating a potential power imbalance in the family because Marlene retained a portion of Gerhard’s shares after she divorced him. Marlene and Piëch never married; they share two children.
Piëch left his position as chair of VW in 2015, perfectly timed to let his successor and protégé Martin Winterkorn take the fall for the diesel emissions scandal that has cost the company more than $30bn and counting. Before his death in 2019, Der Spiegel described the company culture Piëch had created at VW as “North Korea without the labour camps”.
Others also play big roles in the power dynamic, even if the core of the family structure becomes decentralised after Wolfgang departs. Oliver, as he is known, is the longest-serving member of the family’s fourth generation to sit on the boards of Volkswagen Group, Volkswagen AG and Porsche SE.
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