With immediate effect,
Dr.-Ing. Franz-Josef Paefgen (60) has been appointed the
new President of Bugatti Automobiles S.A.S. (Molsheim)
and Bugatti International S.A. (Luxemburg). He succeeds
Dr. Thomas Bscher, who leaves the company by mutual
agreement at the end of the month.
Paefgen will continue to perform
his duties as Chairman and Chief Executive of Bentley Motors
Ltd. and General Representative of Volkswagen AG for Group
Research and Motorsport in addition to his new responsibilities.
From 1980, he held various senior posts at Audi AG, the most
recent being Chairman of the Board of Management from 1998 to
2002. Since 2002, Paefgen has, inter alia, been Chairman of
Bentley Motors Ltd.
From 2003 to 2005, he was
responsible for the development of the Veyron 16.4 as Chief
Executive Officer of Bugatti Engineering.