Former Volkswagen CEO Martin Winterkorn has decided to resign from the supervisory board of Bayern Munich, the German soccer champion club. Winterkorn had previously stepped down from Volkswagen following the diesel emissions scandal. The club announced on Tuesday that the 71-year-old Winterkorn officially left the board on Monday after serving as a member for 16 years.
Winterkorn, who also formerly served as the CEO of Volkswagen subsidiary Audi, had played a key role in establishing Audi’s partnership with Bayern Munich. He later became involved in the club’s acquisition in 2010, securing an 8.33% stake. According to Uli Hoeness, the president of Bayern Munich and chairman of the supervisory board, Winterkorn has significantly contributed to the development of FC Bayern over the years.
Winterkorn faced resignation as VW CEO in 2015 after the company was found to have used illegal software to manipulate US diesel emissions tests. Meanwhile, at the AGM, Hoeness was reconfirmed as Bayern Munich’s supervisory board chairman for the next four-year term. Former Adidas CEO Herbert Hainer was appointed as the first deputy chairman, with VW chairman Herbert Diess taking on the role of deputy chairman.
In a statement, Bayern Munich chairman Karl-Heinz Rummenigge expressed satisfaction with the high-caliber supervisory board members. The club recently announced a turnover of approximately 657.4 million euros for the 2017-18 financial year, marking a successful year for Bayern Munich.
