OREANDA-NEWS. The Chairman of the Supervisory Board of Volkswagen AG, Hans Dieter P?tsch, has requested the Chairman of the Supervisory Board of Daimler AG, Dr. Manfred Bischoff, to agree to the early termination of the contract with Dr. Christine Hohmann-Dennhardt, Member of the Board of Management of Daimler AG for Integrity and Legal Affairs, which runs until February 28, 2017. She is to join the Volkswagen Group as of January 1, 2016 as the Board Member for Integrity and Legal Affairs.

Compliance is now firmly anchored at Daimler and in its corporate culture, and in coordination with the Executive Committee of the Supervisory Board, the Chairman of the Supervisory Board of Daimler AG has agreed to this request in the interest of good governance in the German automotive industry.

"We are delighted that Dr. Hohmann-Dennhardt has agreed to take on this responsible task and that we can build on her outstanding competence and experience", the Chairman of the Supervisory Board of Volkswagen AG, Hans Dieter P?tsch, said. "At the same time we would like to thank Daimler AG for agreeing to our request to the early termination of Dr. Hohmann-Dennhardt's contract."