Automotive

Published on October 19th, 2015 | by Daniel Sherman Fernandez

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Winterkorn has finally departed Volkswagen Group entirely

Porsche Automobil Holding SE, Stuttgart (“Porsche SE”), reached an agreement with Prof. Dr. Martin Winterkorn that he ceases his function as member and chairman of the executive board of Porsche SE by the end of October 31, 2015. Dr. Wolfgang Porsche, chairman of the supervisory board of Porsche SE, thanked Prof. Dr. Winterkorn for the successful work in previous years: “Prof. Dr. Winterkorn assumed office as chairman of the executive board of Porsche SE in a difficult situation. He played a significant role in transforming our company into a highly professional investment holding. I would like to express my gratitude on behalf of the entire supervisory board.”

Hans Dieter Poetsch, CFO of German carmaker Volkswagen, adjusts his glasses during a news conference in Wolfsburg, July 5, 2012. REUTERS/Fabian Bimmer

Hans Dieter Pötsch, chief financial officer of Porsche SE, was appointed by the supervisory board to succeed Prof. Dr. Winterkorn as chairman of the executive board of Porsche SE effective November 1, 2015.

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