Audi CEO Rupert Stadler Resigns from the Piech family foundation

Rupert Stadler, Audi's  Chief Executive has reportedly stepped down from playing any leadership roles at the Piech family foundation, according to an Austrian company filings.

Stadler was a close confidant of former Volkswagen Chairman Ferdinand Piech, having worked as Piech's chief of staff before rising to the post of Audi CEO.

Company filings showed that Stadler no longer works for the Ferdinand Karl Beta Privatstiftung, and has also stepped down from the Ferdinand Karl Alpha Privatstiftung.

Stadler's exit from the foundation was requested on Feb. 3, 2017, the filings showed.