Proposed changes in Scania's Board of Directors
In preparation for the election of the Board at the Annual General Meeting of Scania AB (publ) on Tuesday 7 May 2002, shareholders together representing more than 50 percent of the voting power of all shares in the company have today announced that they will propose that Bernd Pischetsrieder shall be elected as new Director. Peggy Bruzelius, Clas Åke Hedström, Cees van Lede, Ferdinand Piëch, Lothar Sander, Rolf Stomberg, Marcus Wallenberg and Leif Östling are proposed to be re-elected as Directors. Detlef Wittig will resign.
Background, proposed new member of the BoardDr Bernd Pischetsrieder was born in 1948. Since 2000, he has been Chairman of the Board of Management (Chief Executive Officer) of SEAT, S.A. in Spain. Since 2000, he has also been responsible for ‘Group Quality Assurance’ at Volkswagen .
The Supervisory Board of Volkswagen AG appointed Dr. Pischetsrieder Chairman of the Board of Management, Volkswagen AG, and Chairman of the Board of Management of the Volkswagen Brand with effect from 17 April, 2002.
Between 1973 and 1999 Dr Pischetsrieder held various leading positions in BMW, the last six years as Chairman of the Board of Management at BMW AG.