VW announced that Pötsch’s nomination will go before an extraordinary general meeting in November for approval.
VW’s current deputy chairman, Behold Huber, said: “We are confident that Pötsch is the right candidate for the position of chairman of the supervisory board. Mr Pötsch is characterised by strategic vision, comprehensive knowledge of the automotive industry and considerable expertise in the financial markets.”
Pötsch has been on the management board of VW in charge of finance and control since 2003 and will leave his post once his new role has been approved.
He has been CFO at Porsche since 2009. He also serves on the supervisory board of media giant Bertelsmann.
Half-year figures out in July revealed VW operating profits were up 10% for the six months of this year to €6.82bn. The news came a day after it was revealed that VW had overtaken Toyota to become the world’s biggest vehicle manufacturer.