The fight between Ferdinand Piëch and Volkswagen CEO Martin Winterkorn is apparently over as the latter has the backing of the Supervisory Board's Executive Committee.

The fight between Ferdinand Piëch and Volkswagen CEO Martin Winterkorn is apparently over as the latter has the backing of the Supervisory Board's Executive Committee.

In a statement, the Executive Committee said Winterkorn is the "best possible" CEO and has their "full support."  The committee also proposed to extend Winterkorn’s contract at the Supervisory Board meeting in February 2016.

It remains unclear if Piëch has changed his mind about Winterkorn but the executive kicked off a leadership struggle last week when he told Spiegel that he has "distanced" himself from Winterkorn.

Be part of something big