Volkswagen’s Supervisory Board reaches agreement with Prof. Martin Winterkorn on EUR 11.2 million in compensation

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Volkswagen’s Supervisory Board reaches agreement with Prof. Martin Winterkorn on EUR 11.2 million in compensation

The Supervisory Board of Volkswagen AG has reached an agreement with the former Chairman of the Board of Management, Prof. Martin Winterkorn, on compensation in excess of ten million euros in connection with the diesel issue. The agreement between the company and Prof. Winterkorn which was approved by the Supervisory Board last Saturday provides for an amount of EUR 11.2 million. The Supervisory Board also approved an agreement on an amount of EUR 4.1 million from the former member of the Group Board of Management and Chairman of the Board of Management of AUDI AG, Rupert Stadler.

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