The Board of Directors : 2005.

He became born in Munich, Bavaria, and studied Mechanical Engineering at the Technical University
of Munich from 1968 to 1972. He earned the diploma of "Diplom-Ingenieur", and started his
profession at BMW in 1973 as a Production Planning Engineer. He turned into promoted to come to
be chairman of the board of BMW from 1993 thru 1999. He become also chairman of the Board of
Management of Volkswagen AG, the discern corporation of the Volkswagen Group, from 2002 to
2006, and chairman of Scania AB until 2007.

During his time as head of BMW, Pischetsrieder was acknowledged for solidifying the company's
function as a frontrunner in the luxurious automobile market with a strong sporting and engineering
reputation. His decision in 1994 to buy Rover Group from British Aerospace was extensively
appeared as a failure on paper. Although some of the belongings have been offered at vast profit
and the purchase introduced the valuable Mini and Land Rover marques into BMW ownership, the
Rover passenger vehicle operation tired the corporation's coffers. Rover changed into offered off in
2000, with Ford taking over Land Rover, and the Mini brand ultimate at BMW. A more lasting
achievement changed into the belief of the Rolls-Royce marque, a deal which left rival Volkswagen
Group supervisor, Ferdinand Piëch, with handiest the Bentley marque, and the Crewe factory.
However, this operation has became out to be plenty greater a success than the Rolls Royce
operation, and it's far a remember of discussion whether or not BMW would have been higher off
keeping Bentley rather than having to take a licence for the Rolls Royce name

Late in 2000 Pischetsrieder joined Volkswagen Group, mandated to start with to take responsibility
for exceptional, as "the voice of the customer" throughout the group, along side specific obligation
for giving the group's SEAT operation a brand new cognizance.[1] In truth on 1 July 2000 he became
appointed leader government officer at SEAT and stayed to this position up to 6 March 2002. On 16
April 2002, Pischetsrieder succeeded Piëch as chairman of Volkswagen AG. At Volkswagen, he
directed Bugatti Automobiles SAS to reengineer the Bugatti Veyron 16.Four, delaying an anticipated
release. He continued moving the Audi and Volkswagen marques upmarket to some controversy.

He is known to be an enthusiastic driver, and once wrote off a silver McLaren F1 special sports
vehicle. There had been simplest sixty-four avenue legal variations of the McLaren manufactured.

In a wonder assertion on 7 November 2006, it was found out that Pischetsrieder would be stepping
down from the top job at Volkswagen AG on 31 December that 12 months. He changed into to get
replaced via Martin Winterkorn, who become head of the Audi department. During Pischetsrieder's
time on the helm, the Volkswagen share rate rose via 80%, and his dismissal changed into adverse by
using (among others) supervisory board member Christian Wulff, who held his position at the board
because of his function as Minister-President of Lower Saxony: Lower Saxony is a major Volkswagen
share holder. Pischetsrieder's dismissal regarded to end result from variations with Ferdinand Piëch.

Since 2013 he is chairman of the reinsurance organization Munich Re. In April 2014, he turned into
elected as one of the three new individuals of the supervisory board at Daimler AG, which role he
could be acting until 2019.

After acquiring his doctorate diploma, Bernhard joined McKinsey & Company in 1990 as a control
representative. In this capacity, he became assigned to Mercedes-Benz. In 1992, he joined
Mercedes-Benz AG. Bernhard have become CEO of Mercedes-AMG in 1999. Following the merger of
Daimler-Benz and Chrysler in 1998, Bernhard turned into appointed President and COO of the
Chrysler department in 2000. He persisted within the role until he changed into slated to become
the pinnacle of the Mercedes-Benz group in May 2004, however, became passed over for the task
just a day before his respectable switch. Bernhard eventually resigned.Bernhard then served as the
CEO of the Volkswagen logo for Volkswagen AG from 2005 to 2007. He turned into ousted from this
function in January 2007 via Ferdinand Piech. Bernhard then rejoined Daimler in April 2009, and
become on the Board of Management member chargeable for industrial motors when you consider
that February 18, 2010. He became Head of Daimler Trucks and Buses Division on April 1, 2013.

On 9 February 2017, Wolfgang Bernhard announced that he could no longer renew his agreement
with Daimler in January 2018. On 10 February, Daimler permit him pass.

In February 2019 Bernhard replace Franz Gasselsberger at the supervisory board of Austrian
aluminium group AMAG.

Garcia Sanz completed his school education in 1974 with the secondary school leaving certificate
and completed vocational training as a wholesale and foreign trade clerk at Rewe
Handelsgesellschaft in Mainz-Hechtsheim by 1976. He then attended the business administration
academy of the Wiesbaden Gabler publishing house.

In 1979 he was initially employed as a purchasing clerk at Adam Opel AG in Rüsselsheim, switched to
General Motors España in 1980 as purchasing coordinator and returned to Rüsselsheim in 1983 to
work as a group leader in purchasing at Opel. From 1986 to 1992 he held several management
positions at Opel and General Motors.
When José Ignacio López de Arriortúa switched to Volkswagen AG in 1993, Sanz also switched
employers and headed the Electric / Electronic Procurement division at Volkswagen AG in
Wolfsburg. In 1996 he became a member of the Board of Management of the Volkswagen Passenger
Cars brand, and on July 1, 2001 of Volkswagen AG, both in the Procurement division. He has also
been Chairman of the Board of Directors of SEAT, S.A. since June 2007. (Barcelona) and was
chairman of the Spanish Automobile Manufacturers Association ANFAC from 2008 to 2012. [3] [4]

In addition to his work in the automotive sector, Sanz had been a member of the Supervisory Board
of VfL Wolfsburg-Fußball GmbH since July 1, 2004 and its chairman since June 1, 2009. [5] The
University of Stuttgart awarded him an honorary doctorate in 2008 on the proposal of the Business
Administration Institute. [6]

In April 2018, Sanz left Volkswagen at his own request. [7] He waived his severance payment of 5
million euros. [8] His successor was Stefan Sommer on January 1, 2019. [9] On a provisional basis,
Ralf Brandstätter, responsible for the operational business of the Volkswagen core brand, took over
the position until the beginning of 2019. [10]

Also in April 2018, Sanz left his position as Chairman of the Supervisory Board at VfL Wolfsburg-
Fußball GmbH, and was succeeded by Frank Witter, Chief Financial Officer of Volkswagen AG. [11]

criticism

In October 2014, Volkswagen AG had to pay a fine of two million euros because a service contract
with T-Systems for the maintenance of computer systems was only extended after T-Systems had
announced the extension of a sponsorship contract with VfL Wolfsburg. One million euros had to be
paid because of the criminal pandemic between Volkswagen AG and VfL Wolfsburg, and one million
euros because Garcia Sanz, contrary to duty, had not taken any precautions against such crimes. [12]

At the end of 2018, Sanz took on a role in clearing up the emissions scandal, he had dealt with the
processing of the diesel issue. [13]
Horst was born in June 26, 1949 in Leverkusen completed his study in economics and social
knowledge in Hamlin and Berlin and became a speaker at senator for economics in Berlin for 1973-
1978. He handled economics department on board of IG Metall from 1973 to 1978 and was a
member for supervisory board of engine works in Mannheim. He then rose to Member of Board of
director and Labour director in Rasselstin, ThyssenKrupp, AUDI and Volksvagen AG from 1994 to
2007
Hans Dieter Pötsch is an Austrian businessperson who has been at the head of 11 different
companies and holds the position of Chairman-Management Board at Porsche Automobil Holding
SE.
He is also Chairman-Supervisory Board for Volkswagen AG and on the board of 9 other companies.
He previously occupied the position of Chairman-Management Board at Traub AG, Chairman-
Management Board at Dürr AG, General Manager-Finance & Administration at TRUMPF GmbH + Co.
KG, Head-Group Controlling at Bayerische Motoren Werke AG, Head-Controlling at Ginion Overijse
SA, Chairman-Supervisory Board of VOLKSWAGEN FINANCIAL SERVICES AG, Chairman-Supervisory
Board for Volkswagen Leasing GmbH, Chairman-Supervisory Board for Volkswagen Bank GmbH and
Chairman-Supervisory Board at Bizerba SE & Co. KG.

Hans Dieter Pötsch received an undergraduate degree from Technische Universität Darmstadt.
Winterkorn embarked on his profession in 1977, as a specialist assistant in the research division
"Process Engineering" at Robert Bosch GmbH.From 1978 to 1981, he headed the refrigerant
compressor improvement group "Substances and Processes" at Robert Bosch and Bosch-Siemens-
Hausgeräte GmbH.

In 1993 Winterkorn became head of Group Quality Assurance at Volkswagen AG, and become
appointed General Manager of Volkswagen AG with power of attorney in March 1994. He become
moreover accountable for the VW Group Product Management from June 1995. In January 1996,
Winterkorn took over from Herbert Schuster as Member of the Brand Board of Management for
"Technical Development" for the Volkswagen logo. From July 2000, he become Member of the VW
Group Board of Management for Technical Development. Winterkorn become instrumental in
getting Volkswagen CEO Ferdinand Piëch to approve the manufacturing of the New Beetle.

Winterkorn had been chairman of the board of management of Audi AG in view that 1 March 2002.
He headed the Audi brand institution, inclusive of the brands SEAT and Lamborghini, which become
formed on 1 January 2002. Winterkorn also assumed duty for Technical Development at Audi AG
with effect from 1 January 2003. In his capacity as CEO of the Board of Management of Audi AG,
Winterkorn become additionally Member of the Board of Management of Volkswagen AG.

He succeeded Bernd Pischetsrieder as CEO of Volkswagen AG on 1 January 2007, and via 2014 he
became the highest paid CEO of all groups listed on Germany's blue-chip DAX stock market.

Since June 2003, Winterkorn has served as an honorary professor of the Budapest University of
Technology and Economics, in popularity of his service to the promotion of research on the
establishment. He became featured each within the 2007] and the 2008 Power List of American car
magazine Motor Trend.

After he succeeded Pischetsrieder in 2007, Winterkorn launched into the "Strategie 2018" with the
intention to pass General Motors and Toyota by the 12 months 2018, to become the world's largest
automaker.

Among Winterkorn's initiatives are the platforms MQB and MLB which standardize the area between
accelerator pedal and front wheels (including engines) wherein 60% of the improvement expenses
arise, to reduce price at the same time as growing design flexibility for the relaxation of the car.

In the VW Group, he changed into viewed as having attention to element, being "product-targeted"
and "methodical and particular", but also demanding

Board of Directors :2019

Herbert Diess (modern VW CEO) and Hans Dieter Pötsch had been prosecuted on September 24,
2019, for the manipulation of Volkswagen's diesel emissions. Shareholders were withheld from
being informed about the big financial implications due to the falsified diesel emissions. As a result,
the scandal has been received media attention which highlights the German regulation that states
that top executives need to tell shareholders about the information that can cause massive
economic risks and issues. This follows after the investigation of locating that Volkswagen's rigged
millions of diesel automobiles global to cheat on emissions exams which led the corporation to lose
over $30 billion. As a result of the falsified data, the shares fell almost forty%. However, Volkswagen
defended themselves: "The organization has meticulously investigated this be counted with the help
of internal and outside legal professionals for almost 4 years ... The end result is obvious: the
allegations are groundless
Werner commenced her profession in 1991 as a undertaking supervisor at the consulting firm
Softlab GmbH in Munich, shortly after moving to West Germany. At the time, most ladies who had
kids did not work out of doors the house in West Germany, and out of the firm's 850 personnel, she
become the most effective mom working full-time.

In 1996, Werner moved to BMW AG in which she held numerous positions for the duration of her
tenure together with head of the IT branch of BMW Bank, head of the BMW AG audit department
for the United Kingdom and Ireland, and head of group inner audit. She relocated to the UK in 2003
to audit internally for Rolls Royce, Mini, and BMW factory and its subsidiaries. Werner lower back to
Germany in 2007 and led the inner audit branch of BMW's global group financial offerings.

In 2011, she joined MAN SE as leader audit govt for the MAN Group. Werner became head of
organization inner audit at the car production company ZF Friedrichshafen in 2014.

In 2016, Werner joined Volkswagen Group as head of the group audit and become appointed to
Volkswagen's board of management, responsible for the integrity and criminal affairs in 2017. In her
role at Volkswagen, Werner oversees the compliance and integrity teams for Volkswagen and its 12
manufacturers. She became tasked with restructuring the compliance subculture to make sure that
the Volkswagen emissions scandal or a similar disaster would now not manifest once more. Werner
is likewise a member of the supervisory board of Audi AG, Porsche AG, Seat SA, and Traton SE.

Werner is part of a small minority of women and East German commercial enterprise executives
serving on the boards of German businesses. She is the primary East German and 2nd lady ever to
serve on the Volkswagen Group board of control. As of 2019, she is one in every of 3 ladies from East
Germany who serve on the board of a DAX business enterprise, out of about 2 hundred board
contributors of the 30 businesses at the index. She is an advise for identical pay and equal
opportunities for ladies.

In 2019, she received the "Mentor Award of the Year for Advancement of Women in Compliance"
from C5 Communications
In 1988 Renschler joined Daimler-Benz AG, where he first of all worked inside the Organization and
Data Processing branch. In 1989 he labored on the group of workers of Mercedes-Benz Chairman
Werner Niefer, after which he controlled task teams on the Corporate Planning unit. In 1992 he
become Executive Assistant to the exact Board of Management Chairman Helmut Werner. In 1993
he changed into appointed to control the All Activity Vehicle (AAV) mission, whose goal became to
develop an all-new luxurious SUV and to pick out and construct a corresponding manufacturing
facility in the U.S. The result became the newly evolved Mercedes-Benz M-Class, which has been
manufactured in Tuscaloosa, Alabama, given that 1997. The pricey SUV described a new phase and
was a marketplace fulfillment. The car has also been delivered to customers in Germany in view that
1998.

After coping with the M-Class unit and serving as President and CEO of the production subsidiary
Mercedes-Benz U.S. International Inc. (MBUSI), Renschler switched to the corporate headquarters in
Stuttgart, wherein he changed into appointed Senior Vice President, Executive Management
Development at DaimlerChrysler, the employer that had recently been formed through the merger
of Daimler and Chrysler.

Renschler become President of clever GmbH from 1999 to 2004. He stabilized the small car brand,
reduce charges, and opened up new markets in Asia. Today, the clever brand is the marketplace
leader in Germany’s micro-vehicle segment and an essential part of the Daimler department
Mercedes-Benz Cars.

In addition to his obligations at smart, Renschler become assigned to the Mitsubishi Motors
Corporation (MMC) in Tokyo in spring 2004 with a purpose to check the strategic and operational
alternatives for MMC within the Daimler Group. As a result of this assessment, Daimler terminated
its involvement in MMC.

On 1 October 2004, Renschler changed into appointed a member of the Daimler AG Board of
Management, in which he's responsible for Daimler Trucks and Daimler Buses. Daimler Trucks is the
world’s largest truck manufacturer and has the best income and returns of any bus producer within
the global.

Renschler resigned his positions at Daimler AG on 29 January 2014, after over 25 years with the
organization.
Blume turned into born in Braunschweig. After graduating from excessive school in Braunschweig,
Blume studied mechanical engineering on the Braunschweig University of Technology.

In 1994, Blume graduated from an worldwide trainee program at Audi.

At age 28, he become a planner for frame keep and paint at Audi. Three years later, he took over the
responsibility for the frame of the Audi A3, and two greater years after that, he turned into
appointed Executive Assistant manufacturing at Audi. He obtained his PhD on vehicle era. For five
years, Blume became inside the production planning of SEAT, some other five years at the
Volkswagen emblem.

In 2013, he changed into appointed to the Porsche Executive Board, in which he became liable for
production and logistics.

Since October 1, 2015, Blume has served as CEO of Volkswagen subsidiary Porsche; the Supervisory
Board of the business enterprise appointed him to this position on 30 September 2015. He replaced
Matthias Müller, who became CEO of VW Group.
Witter become born on May 29, 1959. He holds a degree in business management and has been
with the Volkswagen Group due to the fact that 1992. After education as a qualified savings bank
officer, Frank Witter studied economics on the University of Hannover. He joined Volkswagen AG in
1992, heading the capital markets commercial enterprise section on the Group Treasury until 1998.
He in the end became Treasurer at Volkswagen of America Inc., Volkswagen Canada Inc., VW Credit
Inc. And their subsidiaries in Auburn Hills, Michigan, U.S.A.

From 2001 to 2002 Witter served as Corporate Treasurer at SAirGroup in Zurich, Switzerland. In 2002
he have become Chief Financial Officer (CFO) at Volkswagen of America Inc., Volkswagen Canada
Inc., VW Credit Inc. And their subsidiaries. From the start of 2005 he held the characteristic of Chief
Executive Officer (CEO) and Chief Financial Officer (CFO) at Volkswagen of America Inc. And
Volkswagen Canada Inc. He become the Group's Executive Manager and Chief Representative for the
location of North America from July 2006 to September 2007.

From October 2007 to mid-September 2008, Frank Witter served as President and Chief Financial
Officer (CFO) of VW Credit Inc. And become Regional Manager for the American markets of
Volkswagen Financial Services AG. Frank Witter turned into Chairman of the Board of Management
of Volkswagen Financial Services AG from September 2008.
Schot began his professional career in 1982 at the truck manufacturer DAF Trucks Netherlands. In
1986 he completed the management trainee program at ABN AMRO, a Dutch bank.

In 1987 Schot switched to Mercedes-Benz Netherlands. There he performed various tasks in the
commercial vehicles sector, such as assistant sales manager, head of corporate strategy & planning
and marketing director commercial vehicles. In January 1998 he was appointed Managing Director of
the Mercedes Car Group at DaimlerChrysler Netherlands, and in January 2003 he was appointed
President & CEO of DaimlerChrysler Netherlands. Between 2006 and 2011 he was President & CEO
DaimlerChrysler / Mercedes-Benz Italy.

In January 2011, the Dutchman moved to Volkswagen AG, where he was initially responsible for
strategic projects in the group sales department. In 2012 he took over the Marketing and Sales
department on the Board of Management of Volkswagen Commercial Vehicles. In September 2017
he moved to the Board of Management of Audi AG, where he was responsible for Marketing and
Sales. In April 2018, Schot also took over the chairmanship. After the arrest of Rupert Stadler, he was
appointed acting CEO on June 19, 2018. At the same time, by resolution of the Supervisory Board of
Volkswagen AG, he became a permanent guest at the meetings of the VW Group Management
Board.

In December 2018, Schot was appointed Chairman of the Board of Management until 2021 by the
Supervisory Board of Audi AG with effect from January 1, 2019. At the same time, until July 2019, he
temporarily continued the marketing and sales department until Hildegard Wortmann joined the
company. Also in December 2018, the Volkswagen AG Supervisory Board appointed him to the
Group Board of Management, responsible for Group Sales.

He left Audi on April 1, 2020. Markus Duesmann succeeded him as CEO of Audi AG. Herbert Diess
took over the tasks as VW group board member for sales, in addition to the tasks as chairman of the
board. On April 1, Schot also resigned from the supervisory board of Porsche Holding and the
executive board of Ducati Motor Holding.