🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Audi head wants to sack chief tech officer, reports Bild

Published 02/20/2024, 10:26 AM
Updated 02/20/2024, 11:36 AM
© Reuters. FILE PHOTO: The Audi logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier/File Photo

BERLIN (Reuters) -Audi Chief Executive Gernot Doellner wants to sack the company's chief technical officer, Oliver Hoffmann, Germany's Bild newspaper reported on Tuesday, citing sources close to the company.

The Audi supervisory board could discuss the issue as soon as Thursday, according to the sources. However, the supervisory board at parent company Volkswagen (ETR:VOWG_p) will likely have the final say when it meets at the beginning of next month.

An Audi spokesperson said the company does not comment on speculation.

© Reuters. FILE PHOTO: The Audi logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier/File Photo

According to Bild, Doellner and Hoffmann do not get along, with the Audi chief blaming his CTO for stalled development.

Hoffmann, who had his contract extended by five years in May, will be transferred to the new Formula One team, Bild reported, adding that a successor has not yet been finalised.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.