Although Christian Strenger has a a small stake in VW, as the ex-CEO of DWS, Deutsche Bank’s asset management arm, and being the founding member of Germany’s Corporate Governance Commission, he has a prominent voice.
German newspaper Frankfurter Allgemeine Sonntagszeitung has reported, Christian Strenger, a prominent Volkswagen shareholder, is urging investors to vote against the re-election of Wolfgang Porsche to Volkswagen’s supervisory board at its annual general meeting (AGM).
Strenger has accused Porsche of “ongoing conflicts of interests”.
Furthermore, Strenger has also accused Porsche, a member of Volkswagen’s Porsche-Piech founding clan, of “inaction in pursuing misconduct” by the company’s top managers over its diesel emissions scandal.
Strenger has called for “truly qualified people” to fill the seats on Volkswagen’s supervisory board.
Although Strenger is a small shareholder, he is seen as a prominent voice in Germany since he is a founding member of the government’s Corporate Governance Commission. He was also the CEO of DWS, the asset management arm of Deutsche Bank.
Neither Strenger nor Volkswagen responded to requests for comment outside of business hours.