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VW confirms Pischetsrieder appointment

Volkswagen has today confirmed that Bernd Pischetsrieder, the former BMW chairman, will succeed Ferdinand Piech as the chairman of its management board.

Mr Pischetsrieder will take over as chief executive on April 17, 2002. Mr Piech will be nominated to join the VW's supervisory board at the next annual shareholders' meeting, on April 16, 2002.

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