Porsche gets a new Chairman

Taking effect on October 1 2010, the Supervisory Board of Dr. Ing. h.c. F. Porsche AG, Stuttgart, has appointed Matthias Müller (57) the new Chairman of the Board of Management of the world-famous manufacturer of premium sporting cars.

Müller moves from Volkswagen AG, Wolfsburg, to the top management of Porsche AG, following in the footsteps of Michael Macht (49), who has been appointed a Member of the Group Board Management of Volkswagen AG by the Supervisory Board. In future, Macht will be responsible for the Production Division and, as a result, the control and co-ordination of all plants within the Volkswagen Group.

Previously in charge of Product Planning, Product Management and Model Series for the VW Group and the Volkswagen Brand, Matthias Müller, from Chemnitz in Eastern Germany, has successfully promoted the development of Product Lines in the last three years within the VW Group.

“Matthias Müller gives us the exceptional competence of an outstanding product expert benefiting the interaction of independent brands within an Integrated Automotive Group leading the market worldwide. Contributing this knowledge, he guarantees that Porsche, as a world brand, will not only maintain, but further expand its top position”, said Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG, on the appointment of Müller.

It will be interesting to see if Müller’s tenure as Porsche AG Chairman will last longer than that of outgoing Chairman Michael Macht.