VW boss set for extended stay
Takeover of Porsche forces change of plans at the top levelsThe Volkswagen Group will change its rules to allow current CEO Professor Martin Winterkorn to retain his post until at least another four years.
Winterkorn will be granted an extended term as the head of the company as it completes its integration with Porsche.
Under the company's corporate rules he would have been forced to step down in 2012 when he turns 65.
However, Volkswagen sources have confirmed that the rule will be changed for Winterkorn at the board meeting scheduled for later this month.
He will be given the opportunity to lead the company for a further five years, or until he feels it is the right time to hand over the reigns. He took the top job at Volkswagen in 2007 and has also headed up the brand research and development arm, and overseen the Audi brand.
Winterkorn has already been quoted as saying he would like to expand the Porsche range by three models and dramatically increase sales.
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