Overview
- Volkswagen confirmed his employment ended on his 67th birthday and that retirement benefits began the following day.
- A 2021 contract extension kept him on the books through October 24, 2025 despite his removal as CEO in 2022.
- Corporate disclosures indicate roughly €24 million was paid to him over two years after his ouster.
- He was the group's highest-paid manager in the reported year at about €11.2 million, exceeding CEO Oliver Blume.
- Active board members accepted voluntary pay cuts to support a savings program targeting €4 billion annually and job reductions of roughly 35,000 by 2030.