Friday, July 23, 2010

Matthias Müller New Chairman of the Porsche AG Board of Management

Change in Top Management: Michael Macht Appointed Board Member Production of VW Group

Stuttgart. Taking effect on 1. October 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, moving from Volkswagen AG, Wolfsburg, to the Top Management of Porsche AG, is following in the footsteps of Michael Macht (49) 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 coordination 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 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”, states Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG, on the appointment of Müller, who hails from the town of Chemnitz in Eastern Germany.