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Audi CEO Rupert Stadler will have his contract extended by another five years.
The supervisory board approved a third term that will make Stadler the CEO through December 31, 2022, today.
Stadler’s contract ends this year, and rumors have been flying about the CEO’s fate since he came under fire for his handling of the Dieselgate scandal.
Speculation about when he found out about the emissions cheating has dogged Stadler, and he was criticized for first denying Audi was involved in the scandal.
Audi’s management board, however, has been firm in its support of the CEO, who saw the company through a very profitable period.