Frank Witter allocated Volkswagen Group Board Member for Finance

Frank Witter (56) has been allocated Member of a Board of Management of Volkswagen AG with shortcoming for Finance and Controlling with evident effect. This was motionless by a Supervisory Board during a assembly currently (Wednesday) in Wolfsburg. Witter was formerly Chairman of a Board of Management of Volkswagen Financial Services AG. In his new function, Witter succeeds Hans Dieter Pötsch (64), who served as a Volkswagen Group Board Member for Finance from 2003 and who, following his appointment by a efficient internal justice as a Member of a Supervisory Board, was currently inaugurated a Chairman.

Witter was innate on May 29, 1959. He binds a grade in business administration and has been with a Volkswagen Group given 1992. After training as a competent assets bank officer, Frank Witter complicated economics during a University of Hannover. He assimilated Volkswagen AG in 1992, streamer a collateral markets business territory during a Group Treasury until 1998. He subsequently became Treasurer during 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 during SAirGroup in Zurich, Switzerland. In 2002 he became Chief Financial Officer (CFO) during Volkswagen of America Inc., Volkswagen Canada Inc., VW Credit Inc. and their subsidiaries. From a commencement of 2005 he hold a duty of Chief Executive Officer (CEO) and Chief Financial Officer (CFO) during Volkswagen of America Inc. and Volkswagen Canada Inc. He was a Group’s Executive Manager and Chief Representative for a segment of North America from Jul 2006 to Sep 2007.

From Oct 2007 to mid-September 2008, Frank Witter served as President and Chief Financial Officer (CFO) of VW Credit Inc. and was Regional Manager for a American markets of Volkswagen Financial Services AG. Frank Witter was Chairman of a Board of Management of Volkswagen Financial Services AG from Sep 2008.