Ad Hoc Announcements & Corporate News
In addition to regular reports, we provide ad hoc announcements on matters with the potential to have an effect on the Audi share price.
Ad Hoc Announcements
Munich, 10/16/2018 | Munich II public prosecutor concludes regulatory offences proceedings by issuing administrative order imposing a fine (Bußgeldbescheid)
1 page, EN
Ingolstadt, 10/27/2016 | Adjustment to the balance sheet risk provisions
1 page, EN
Ingolstadt, 12/06/2006 | Rupert Stadler to succeed Prof. Dr. Martin Winterkorn
1 page, EN
Ingolstadt, 12/23/2004 | AUDI AG sells Cosworth Technology
1 page, EN
- Audi’s Supervisory Board Chairman and Volkswagen CEO Dr. Herbert Diess: “Wortmann is the ideal executive to shape the Audi brand innovatively”
- Bram Schot, Chairman of the Board of Management of AUDI AG: “Wortmann will assume a decisive role in the transformation of our company”
- Deputy Chairman of the Audi Supervisory Board and Chairman of the General Works Council Peter Mosch: “Expect Wortmann to bring a breath of fresh air to our brand”
Ingolstadt, January 8, 2019 – Hildegard Wortmann will be in charge of the Sales and Marketing division of AUDI AG latest as of July 1, 2019. She will succeed Bram Schot, who took over as the company’s Chairman of the Board of Management at the beginning of this year. Wortmann has many years of international experience in product management, marketing and brand communication.
“Hildegard Wortmann has more than 20 years of international experience in the sales and marketing of premium automobiles. This makes her the ideal executive to shape the Audi brand innovatively and to refocus one of the company’s largest divisions,” stated Audi’s Supervisory Board Chairman and VW CEO, Dr. Herbert Diess, on the appointment.
The Chairman of the Board of Management of AUDI AG, Bram Schot: “Audi is undergoing significant changes, and we are now taking the next step. With Hildegard Wortmann on the Board of Management and together with the workforce, we are succeeding in transforming ourselves. On this challenging path to the future, she will play a decisive role,” stated Schot.
Deputy Chairman of the Audi Supervisory Board and Chairman of the General Works Council Peter Mosch said: “We expressly welcome Hildegard Wortmann’s appointment to the Audi Board of Management and expect her to bring a breath of fresh air to sharpen our brand sustainably and shape the Audi future together with us.”
Wortmann started her career at Unilever in 1990, passing through various positions including product and brands manager and later marketing director. She gained international experience in London and New York while working for Unilever. Starting in 1998, she held various positions at the BMW Group. She was involved in the relaunch of the MINI brand and was in chargeof predevelopment marketing and innovation projects. She then concentrated on high-level positions in product management for automobiles and after sales. Hildegard Wortmann played a key role in setting the course for e-mobility with the development of the BMW i electric brand. In June 2016, she became senior vice-president for the BMW brand. Since January 2018, she has been responsible for the Asia-Pacific sales region, based in Singapore.
- Appointed as of January 1, 2019
- Audi Supervisory Board Chairman and Volkswagen CEO Dr. Herbert Diess: “We have laid important groundwork for Audi’s future orientation.”
- Peter Mosch, Deputy Chairman of the Supervisory Board and Chairman of the General Works Council: “Workforce expects further impetus for the new start at the company.”
Ingolstadt, December 12, 2018 – The Supervisory Board of AUDI AG has appointed Bram Schot as the Chairman of the Board of Management effective January 1, 2019. Schot has headed the company since June 2018 as interim CEO. Schot will continue temporarily to hold Board of Management responsibility for Sales and Marketing from January 1 onwards.
“With the appointment of a new Chairman of the Board of Management, we have laid important groundwork for Audi’s future orientation. As interim CEO, Bram Schot has already done a convincing job in recent months. He is pushing forward with the cultural change in his team and is effectively tackling the current challenges. With the benefit of a strong mandate, he will further accelerate the transformation of the company and lead the Four Rings to new successes,” said the Audi Supervisory Board Chairman and VW Group CEO, Dr. Herbert Diess.
Peter Mosch, Deputy Chairman of the Audi Supervisory Board and Chairman of the General Works Council, said: “The Audi workforce wants clear conditions at the top of the company. That’s why we employee representatives are committed to doing the job properly and appointing Bram Schot as Chairman of the Board of Management. During his interim period, he has already shown that he can give great impetus to the new start we have called for and initiated. He must now continue along this path and lead Audi back to the top. That’s what the workforce expects.”
Bram Schot will become Chairman of the Board of Management of AUDI AG, which includes Ducati, Lamborghini and Italdesign Giugiaro as well as the Audi brand, on January 1, 2019. Temporarily, he will have Board of Management responsibility for the area of Sales and Marketing. The 57-year-old has been AUDI AG Board of Management Member for Sales and Marketing since September 2017. On June 19, 2018, he was additionally appointed as the Interim Board of Management Chairman.
Born in the Netherlands, Bram Schot had previously been responsible for Marketing and Sales on the Board of Management of Volkswagen Commercial Vehicles from 2012 onwards. In 2011, he left his position as President and CEO of Mercedes-Benz Italia to move to the Volkswagen Group, where he was at first responsible for strategic projects in the Group’s Sales division.
- Peter Mertens asked the Audi Supervisory Board to release him from his duties for health reasons
- Volkswagen CEO and Audi Supervisory Board Chairman Herbert Diess: “We deeply regret that Peter Mertens is stepping down from the Board of Management.”
- Peter Mosch, Chairman of the General Works Council and Deputy Chairman of the Supervisory Board: “Our thanks are due to Peter Mertens. We expect the transformation that has begun to continue in the spirit of everyone at Audi.”
- Peter Mertens: “Thank you to everyone at Audi!”
Ingolstadt, September 28, 2018 – Hans-Joachim Rothenpieler will become the Member of the Board of Management for Technical Development at AUDI AG on 1 November 2018. He is the successor of Peter Mertens, who has held this position since May 1, 2017. Mertens had asked the Audi Supervisory Board to release him from his duties for health reasons.
Volkswagen CEO and Audi Supervisory Board Chairman Herbert Diess: “We deeply regret that Peter Mertens is stepping down from the Board of Management. We respect the reasons that led to his decision and wish him a full recovery.
Hans-Joachim Rothenpieler is an experienced expert who will continue to advance the transformation of Technical Development.”
Peter Mertens explains his decision in the following words: “Over the past 16 months, we have initiated a comprehensive transformation at Technical Development and started the future orientation of the division. This requires a high level of concentration, which I cannot fully manage in my situation. During this time, my health and my family have priority. I thank everyone at Audi for their commitment, their support and the great cooperation I have experienced during this time.”
Peter Mosch, Chairman of the General Works Council and Deputy Chairman of the Supervisory Board of AUDI AG: “We thank Peter Mertens for his outstanding commitment to our company. We expressly regret having to say farewell to such an innovative and inspiring executive. The entire Audi team wishes him all the very best. His successor as the new Board of Management member, Hans-Joachim Rothenpieler, must now continue with the consistent focus of the structures and processes of our Technical Development to ensure an employee-friendly transformation, because the know-how of our team is our Vorsprung durch Technik. In this way, Audi will continue to be the technological spearhead of the Volkswagen Group and will continue to set standards for cutting-edge automotive technologies.”
Volkswagen CEO and Audi Supervisory Board Chairman Herbert Diess: “Hans-Joachim Rothenpieler has gained a great deal of experience in his numerous responsible positions at the Group, which will help him to make a start quickly in his new position at Audi. His task will be to continue the transformation of Technical Development and to further advance along the path towards electric mobility.” According to the company's plans, approximately 2,500 Technical Development employees will additionally be qualified in future fields such as electric mobility, piloted driving, connectivity and future vehicle concepts by the end of 2018.
Hans-Joachim Rothenpieler will take over the Technical Development division on November 1, 2018. He has been employed at the Volkswagen Group since 1986. Rothenpieler’s previous positions include Head of Vehicle Development at Skoda, Member of the Board of Management for Technical Development at the premium brand Bentley, and Member of the Board of Management for Development at Volkswagen Commercial Vehicles. Since 2016, Rothenpieler has been Head of Group Quality Management at Volkswagen.
The 127th Annual General Meeting in Ingolstadt on May 12, 2016 and the other dates of the financial calendar are not affected.
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