BOLOGNESE, Italy - Audi AG has restructured Lamborghini, creating three separate divisions under an umbrella holding company.
The Volkswagen subsidiary has also decided on a $30 million capital injection to aid future expansion.
Audi President Franz-Josef Paefgen will chair Automobili Lamborghini Holding SpA, which will control Automobili Lamborghini SpA (the automotive arm), Motori Marini Lamborghini SpA (marine engines), and Automobili Lamborghini Artimarca SpA (merchandise and licensing).
The changes will be implemented by the end of the year. The Volkswagen subsidiary bought Lamborghini in July from Indonesian businessman Hutomo 'Tommy' Suharto, the son of former Indonesian President Suharto, and a Malaysian company, Mycom Bhd.
Vittorio Di Capua, Lamborghini's chief executive when the company was acquired, will be one of two managing directors. He will chair an executive committee to oversee operations.
Audi executive Rodolfo Rocchio was named joint managing director. Rocchio, an Italian-born mechanical engineer, joined Audi in 1974 and led development of the A8 sedan.
Heads of the three subsidiaries have not been appointed. But Audi has named four new Automobili Lamborghini SpA board members, increasing the size of the board from five to seven. Two will replace the representatives of the former Indonesian and Malaysian owners.
In addition to Paefgen, Di Capua and Rocchio, the board consists of Werner Mischke (Audi's technical director), George Flandorfer (Audi's sales and marketing director), Helmut Aurenz (member of Audi's supervisory board), and Haydan Leshel, a former Audi executive who in September was named sales, marketing and merchandise director for Automobili Lamborghini SpA.