The supervisory board of Audi has filled the top finance and legal role on its management board with the appointment of Jürgen Rittersberger. He will succeed current Arno Antlitz as Member of the Board for Finance and Legal Affairs, in other words its CFO, in April 2021, when Antlitz transitions into his new role as Volkswagen Group CFO.
Rittersberger is considered an expert in corporate management, controlling, and strategy who is already familiar with the inner workings of Volkswagen Group brands.
Since September 2018, he served as General Secretary and SVP of Group Strategy at Volkswagen. Prior to that, he was General Secretary and VP of Corporate Development at Porsche. In late 2015, he was also appointed as Porsche's General Representative.
In a press release, Supervisory Board Deputy Chair Peter Mosch said, “Jürgen Rittersberger is a valued partner for the Works Council. In working with him, we hope to realize the necessary investments to successfully transform our company.”
Audi is in the midst of a transition to electrify its fleet, as it is undertaking a 5-year plan to build 20 electric vehicle models.
Audi CEO Markus Duesmann stated, “The current transformation is a true feat of planning and management for Audi’s CFO. I also look for high levels of integrity and real team players to join our Board of Management. That’s why I’m looking forward to welcoming Jürgen Rittersberger – he will slot right into our team, ensuring a seamless continuation of the enjoyable and successful work done with Arno Antlitz.”
Rittersberger will have large shoes to fill, as Antlitz has been largely credited for guiding Audi through a challenging year as his strict cost control measures improved the company’s stability during the pandemic.
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