German newspapers have been full of rumors about executive changes. Consider these two:
Bernd Pischetsrieder will take over Volkswagen AG's chairmanship April 16, 2002, the day before current Chairman Ferdinand Piech turns 65. Piech would become chairman of the Volkswagen supervisory board. The newspapers quoted unnamed sources in the Lower Saxony government. Lower Saxony is Volkswagen's main shareholder, controlling about 20 percent of voting shares. Volkswagen and the government of Lower Saxony declined comment. Pischetsrieder is in charge of Seat and a member of Volkswagen's management board, responsible for quality assurance.
Carl-Peter Forster, former executive in charge of manufacturing at BMW AG, is in line to become chairman of Adam Opel AG by May 15, replacing current Opel Chairman Robert Hendry. Forster would be the first German chairman of Opel in 12 years. Why the delay? A BMW source said BMW Chairman Joachim Milberg has used a clause in Forster's contract to prevent him from joining Opel until May.