Audi Board of Management complete again: Axel Strotbek to become Board Member for Finance and Organisation

With effect from 1 September 2007, Axel Strotbek (43) is to become the new Board Member for Finance and Organisation at AUDI AG. He succeeds Rupert Stadler, who currently performs this function in addition to his role as Chairman of the Board of Management, which he was appointed on 1 January 2007.

He then held various positions in Controlling and General Financial Planning before moving to Volkswagen Sachsen GmbH in Zwickau in November 2000 as Managing Director for Finance and Controlling. Since September 2004, Axel Strotbek has been Executive Vice President for Finance at the Volkswagen Group China in Beijing.

“With Axel Strotbek, our ranks are complete again in the Audi Board of Management. We have acquired the skills of an acknowledged financial expert who is familiar with the Group and has a great deal of experience, especially in the financial evaluation of products. Moreover, he brings to Ingolstadt his insights into China. As China is our second domestic market, these insights will help to move the whole of AUDI AG further forwards. Together with Axel Strotbek, we will make even more direct progress on our way to becoming the world’s most successful premium manufacturer,” said Chairman Rupert Stadler on the appointment of the future Board Member.