Saturday, 24 April 2010

Qatar To Get Second Supervisory Board Seat At Volkswagen

The Emirate of Qatar is set to obtain a second seat on the supervisory board of Volkswagen AG (VOW.XE) by May 3, 2011 at the latest, said Christian Wulff, the German state of Lower Saxony's head of government and a member of Volkswagen's supervisory board.

The representative can take part in supervisory board sessions as a guest until he is elected.

A seat on the supervisory board will be free by May 3, 2011 at the latest, the date for the company's annual general meeting.

Qatar, which holds a 17% stake in Volkswagen, will have one representative on the company's board for the time being.END

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