Shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.98%to approve the recommendation of the Board of Management and the Supervisory Board to pay a dividend of 0.11 euro per ordinary share and 0.17 euro for preferred stock.
The move means nearly 68 million euro will be distributed to stockholders.
The shareholders also approved the appointment of Supervisory Board Chairman Hans Dieter Pötsch to the Supervisory Board following his appointment by Braunschweig District Court in October 2015. Dr. Hessa al Jaber was also confirmed to the Supervisory Board to represent Qatar Investment Authority and replace Akbar al Baker who stepped down following the conclusion of the Annual General Meeting in Germany.
al Jaber is an engineer and the first woman to represent the State of Qatar on the Supervisory Board of an international group.
Annika Falkengren, President and Chief Executive Officer of the Swedish SEB AB, and entrepreneur Dr. Louise Kiesling were elected to the Supervisory Board for a full term.
During the Annual General Meeting, Matthias Mueller, CEO of Volkswagen AG presented the “Together – Strategy 2025” initiative which outlined the company’s investment in autonomous driving, digitalization and new businesses like mobility services.
“We are also continuing our intensive efforts to enhance the environmental compatibility of our diesel and gasoline models,” Müller said.
Müller said the company was going to add a new feature to internal combustion engines.
“We will successively equip the Group’s new TSI and TFSI engines with gasoline particulate filters. This initiative will begin with the 1.4 liter TSI engine in the new VW Tiguan and the Audi A5 in June 2017,” Mueller said. “This will reduce particulate emissions by up to 90 percent. Up to 7 million Volkswagen vehicles could be equipped with this technology each year by 2022.”