Audi Extends Contracts for Three Senior Execs

Volkswagen AG's Audi unit has renewed the contracts of CEO Rupert Stadler and two other top executives.

The company didn't indicate the length of the extensions. Germany's Frankfurter Allgemeine Zeitung reports five-year continuations for Stadler and global marketing chief Christian Klingler and a two-year extension for Jochem Heizmann, who heads Audi's China operations.

Stadler has been Audi's CEO since 2007. Klingler has led the company's worldwide sales and marketing activities for four years. Heizmann has run the China unit since 2011.