Volkswagen shareholders renewed their criticism of CEO Oliver Blume's dual roles on Friday, even as they prepared to rubber stamp a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.
Decision on battery plant site in Eastern Europe 'soon' - CEOshareholders renewed their criticism of CEO Oliver Blume's dual roles on Friday, even as they prepared to rubber stamp a roughly 9.6 billion euro special dividend following the listing of Porsche AG.even after its listing, prompting concerns among some investors about the pressures on his time and potential conflicts of interest.
"We don't want a part-time CEO - neither at the mother, nor the daughter company," Hendrik Schmidt of DWS, which holds 2% of Volkswagen stock according to Eikon data, said. Responding to the shareholders on Friday, Blume defended his position. "I will keep both roles long-term," he said.
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