Volkswagen Supervisory Board extends contract of Prof. Dr. Martin Winterkorn

Winterkorn to remain at the helm of Europe's largest carmaker until the end of 2016

Wolfsburg, 02 January 2011 - The Supervisory Board of Volkswagen Aktiengesellschaft has extended the contract of Management Board Chairman Prof. Dr. Martin Winterkorn unanimously by a further period of five years.

Winterkorn is to head Europe's largest carmaker until the end of 2016. Winterkorn became Chairman of the Management Board on January 1, 2007 and his current contract expires on December 31, 2011.

sources: Volkswagen Media Service