The net wealth of former Volkswagen CEO Martin Winterkorn will almost certainly be reduced. In connection with the diesel crisis, he has agreed to pay Volkswagen $13.6 million dollars. Continuing reading this post will provide you with more knowledge.
The former CEO of Volkswagen AG, the parent company of the Volkswagen group, Martin Winterkorn is a German corporate leader with extensive experience in the automotive industry.
He received his education at the University of Stuttgart, where he majored in metallurgy and metal physics (1966-1973). In addition, he was a Ph.D. student at the Max-Planck-Institute, where he graduated with honours in 1977.
Martin served as the chairman of the supervisory board of Audi as well as the chairman of the board of management of Porsche Automobil Holding SE throughout his tenure in both positions.
Furthermore, from February 22, 2003, until December 18, 2018, he served as a member of the board of directors for the German football club Bayern Munchen.
On May 3, 2018, he was accused on counts of fraud and conspiracy in the United States in connection with the emissions cheating scandal that occurred there. Then, in April 2019, he was charged on fraud charges in Germany, and he was sentenced to prison.
Winterkorn is now considered a fugitive from justice in the United States.
Martin Winterkorn’s net worth is unknown.
Martin Winterkorn has not yet made his official net worth available to the general public.
His net wealth, on the other hand, will almost certainly be reduced as a result of his involvement in the diesel crisis.
On September 23, 2015, he announced his resignation from Volkswagen after the revelation of an emissions cheating scandal involving the company’s diesel vehicles. A subsequent development was his resignation as chairman of Audi on November 11, 2015, as further material related with the scandal was discovered, this time pertaining to Volkswagen’s gasoline-powered engines.
After an inquiry revealed that the former CEO failed to react appropriately to signals that the corporation may have been utilising illegal diesel engine technology, he has reportedly agreed to pay Volkswagen 13.6 million dollars.
Volkswagen is close to reaching a â‚¬10 million deal with former CEO Martin Winterkorn. https://t.co/nFILmz8EUN
6th of June, 2021, Financial Times (@FT)
The Wife of Martin Winterkorn
Martin Winterkorn is married to Anita Winterkorn, with whom he has two children.
The couple has two children who are raised as a family.
Volkswagen CEO Martin Winterkorn will step down as a result of the pollution crisis, according to reports. http://t.co/ezJvzgMnpa pic.twitter.com/PQGeTsoKDS
September 23, 2015 â€” Bloomberg Businessweek (@businessweek)