| Capital: | € 100 million |
|---|---|
| Age: | 72 |
| Born: | May 24, 1947 |
| Country of origin: | Germany |
| Source of wealth: | Entrepreneurs |
| Last updated: | 2020 |
Short introduction
The former CEO of Volkswagen AG is a public person in the Federal Republic. First at Bosch and then in the Audi, he moved to VW in 1993, where he was at the council 2000 and became the chairman of the council in 2006. Because of involvement in the VW Exhaust scandal, after so many successful years, he was finally criticized so severe So he resigned in 2015. At present there are several lawsuits against them in Germany and the United States for fraud and other violations, the results currently open.
Early Life
Little is known about childhood and durable. From 1966 Martin Winterkorn, who was born in Leonberg, studied metallurgy and metal physics in Stuttgart. From 1973, Winterkorn worked as a doctoral student at the Max Planck Institute for Metals Research, which he handled with a doctorate. Since then he has begun working in the free industry.
Career
First he worked as a researcher at Robert Bosch GmbH, automotive supplier. He did this successfully so he had joined the Audi car manufacturer in 1981 as a board assistant for quality assurance. This was followed by further career leaps, such as appointments as Division and Division managers, from 1990, Head of All Audi Quality Assurance.
Here too, he developed a very good reputation for his work and performances, even if criticism of authoritarian transactions with employees is sometimes expressed at that time. He might maintain this trait until the end of his professional career, not without being very successful with him.
So he finally turned to Volkswagen in 1993. Here too, at first he was active in managing quality assurance. Only one year later, he became a general representative of VW AG, and from 2000 he rose to the council. Here he was originally a board member for “research and development”.
In 2006 Martin Winterkorn reached the peak of his career. After the departure of Bernd Pischetsrieder, he became his successor as head of the whole group and thus the CEO.
His salary was more than 17 million euros in 2011, a record for the CEO of the DAX company. He also gets retirement of EUR 1.33 million per year. The great success of VW celebrated under his direction at first seems to justify this number, even if there are some criticisms on this number in German society.
During this time he was also a professor of honor in several universities, such as the University of Engineering Budapest and Tu Dresden.
However, his reputation has been completely destroyed since the emission scandal, where Martin Winterkorn bears nominal responsibility, is known. The US authorities have found interference with VW diesel emissions. Martin Winterkorn resigned as CEO of VW in 2015, as well as in the Porsche Holding and from the Supervisory Board in Audi.
By 2020, several lawsuits have been opened for fraud and similar crimes against him. In addition to a very severe fine, he could also face prison.
Career spotlight.
All the time as a member of the VW Board can be considered a great success – until the emission scandal weighs on his good reputation, his work and maybe even his freedom. Until then, he always set Volkswagen to a new record. The highest sales figure, tens of thousands of new jobs and record sales and profits. After the scandal, this achievement fades more than a little, but they are part of the life and work of Martin Winterkorn which is mostly successful.
His old career was successful as a manager was reflected in many awards. Perhaps the most important of this is manager manager this year in 2012. More important nominals may be the two honorary doctoral titles he received from the Chemnitz Technology University and Munich Technical University. He is also a Honorary Professor at Tongji University in Shanghai.
Famous quotes
“Board members get a lot of things and have many responsibilities. Mistakes quickly have very serious consequences. Therefore, consequent actions must also be taken when the results are inadequate.”
“I hope my top manager feels safe about cars: euphoria for really good things, intolerance to weaknesses.”
“The employees who still know me from my time as a quality man in Audi or VW know that I am not interested in hierarchies, but only in difficult facts. Especially when it comes to hot topics when a problem appears somewhere.”
“Volkswagen must be at the top in all respects, including when it comes to the management of the company responsible. I am careful with the word ‘role model’ – but our industry and therefore Volkswagen can be called a pioneer: no one can fool us in terms of Work conditions and use of resources from our planet. “
Amazing facts
During his time at VW, he had a pool built for Kois on his land. The government of the heating system for this pool itself costs 60,000 euros, which of course VW takes over.
Martin Winterkorn is the father of two sons with two different women.
Shortly before the emission scandal was known, he and his wife founded a company whose single executor director was his wife. Martin Winterkorn transferred most of his assets there.
Net Worth 2020
As of 2020, his estimated net worth is around 36 million Dollar
