Following his appointment as interim CEO of Audi AG in June 2018, Bram Schot has been named Chairman of the Board, effective January 1, 2019.

As Chairman of the Board, Schot will oversee the entire family of brands within the Audi AG portfolio, which includes Ducati, Lamborghini and Italdesign Giugiaro in addition to Audi vehicles.

In reference to Schot’s appointment, Dr. Herbet Diese, Audi Supervisory Board Chairman and VW Group CEO, said, “With the appointment of a new Chairman of the Board of Management, we have laid important groundwork for Audi’s future orientation. As interim CEO, Bram Schot has already done a convincing job in recent months. He is pushing forward with the cultural change in his team and is effectively tackling the current challenges. With the benefit of a strong mandate, he will further accelerate the transformation of the company and lead the Four Rings to new successes.”

Peter Mosch, Deputy Chairman of the Audi Supervisory Board and Chairman of the General Works Council, added, “The Audi workforce wants clear conditions at the top of the company. That’s why we employee representatives that are committed to doing the job properly and appointing Bram Schot as Chairman of the Board of Management. During his interim period, he has already shown that he can give great impetus to the new start we have called for and initiated. He must now continue along this path and lead Audi back to the top. That’s what the workforce expects.”