Volkswagen Renschler to replace Piech as MAN chairman
FRANKFURT (Reuters) - Andreas Renschler, the board member in charge of commercial vehicles at Volkswagen , will replace Ferdinand Piech as chairman of truck maker MAN , MAN said on Wednesday.
Piech resigned from all his supervisory board posts including the VW chair on April 25 after losing a showdown with VW Chief Executive Martin Winterkorn.
Volkswagen said on Tuesday it was creating a commercial vehicles group to align its truck divisions MAN and Scania, pushing its long-standing ambition to become Europe's largest truck maker, which was a pet project of Piech's.
(Reporting by Georgina Prodhan; editing by Thomas Atkins)