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Volkswagen's Former CFO Now Chairman

Austrian Hans Dieter Poetsch, Volkswagen Group's finance chief for the past 13 years has been tapped to be chairman of the company, which at this point is also to add more red ink to the company's ledger. It is also going to be a challenge since making changes there is a little like trying to pass reforms in Congress: the divided supervisory board is refractory. He was chosen because he is viewed as neutral.

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