Volkswagen AG’s VLKAY 0.58% luxury car brand, Audi AG NSU -2.18% , said Monday it would reshuffle more than half its management board as the group continues to grapple with a diesel emissions scandal. The German car maker said it would replace four of seven board members as of Sept. 1, but keep Rupert Stadler as chief executive officer until 2022, as previously announced. Audi’s management board reshuffle comes less than a month after former Volkswagen compliance executive Oliver Schmidt pleaded guilty in the U.S. to helping equip diesel-powered vehicles to evade pollution requirements. On Audi’s board, Alexander Seitz succeeds Axel Strotbek as board member for finance, information technology and integrity. Bram Schot replaces Dietmar Voggenreiter as board member for marketing and sales, a position Mr. Voggenreiter had held since 2015.

Source: Wall Street Journal August 29, 2017 03:45 UTC