Report: Wiedeking to join Audi board

Porsche CEO Wendelin Wiedeking
UPDATED: 03/12/08 10:27 CET Audi CEO Rupert Stadler has declined to comment on reports that Volkswagen supervisory board chairman Ferdinand Piech and Porsche CEO Wendelin Wiedeking will join Audiís supervisory board.

ďLetís wait and see what happens. It would be better not to start speculating as Iím not in a position to comment on that,Ē Stadler told Automotive News Europe on the sidelines of the German automakerís annual press conference.

The German daily Handelsblatt reported today that Piech and Wiedeking would sit on Audiís supervisory board from May. The newspaper said that Porscheís chief financial officer Holger Harter would also join the board.

Piech stepped down from Porscheís supervisory board's executive committee earlier this month.

Premium carmaker Audi is part of the Volkswagen Group, in which Porsche currently holds a 31 percent stake. The Stuttgart-based automaker denied press reports last week that it wants to raise its stake to 75 percent.

You may e-mail James Franey at jfraney@craincom.de

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