Dr. jur. Hans Michel Piëch, Dr. jur. Ferdinand Oliver Porsche and Ahmad Al-Sayed elected for full term of office on Supervisory Board
The shareholders of Volkswagen Aktiengesellschaft are to receive a dividend of €4.00 (previous year: €3.50) per ordinary share and €4.06 (€3.56) per preferred share for fiscal year 2013. The shareholders present and represented at the 54th Annual General Meeting held in Hanover on Tuesday voted by a majority of 99.97 percent to approve the recommendation of the Board of Management and the Supervisory Board. Approximately €1.9 billion will therefore be appropriated from the net profit of Volkswagen AG. Further resolutions passed by 92.45 percent of the ordinary shareholders present and represented at the Annual General Meeting included formal approval of the actions of the members of the Board of Management and the Supervisory Board for fiscal 2013.
Dr. jur. Hans Michel Piëch, lawyer in private practice, and Dr. jur. Ferdinand Oliver Porsche, member of the Board of Management of Familie Porsche AG Beteiligungsgesellschaft, were returned for a further term on the Supervisory Board. In addition, Ahmad Al-Sayed, Chief Executive Officer of Qatar Investment Authority and Managing Director and Chief Executive Officer of Qatar Holding LLC, previously appointed by the courts as a member of the Supervisory Board, was elected to the Supervisory Board for a full term of office.
