Porsche Appoints Oliver Blume Chief Executive
30 Septembre 2015 - 3:52PM
Dow Jones News
By Ulrike Dauer
FRANKFURT-- Porsche AG, the sports-car maker owned by Volkswagen
AG, said on Wednesday that it has appointed Oliver Blume as its new
chief executive, replacing Matthias Müller.
Mr. Blume, who has been production chief at Porsche for nearly
three years, will take office on October 1.
The appointment is part of a wider management shake-up at the
Volkswagen group, which is currently embroiled in a
emissions-rigging scandal that has resulted in personnel changes
and suspensions. Last week, Volkswagen appointed Mr. Müller to lead
the group, two days after his predecessor Martin Winterkorn
resigned.
The announcement of Mr. Blume's appointment confirms a report by
The Wall Street Journal on Tuesday.
Porsche also named Chief Financial Officer Lutz Meschke as
deputy CEO, and appointed North American Chief Detlev von Platen to
the board, responsible for sales and marketing.
Mr. Blume, aged 47, began his career as a trainee at Audi AG
after earning an engineering degree at the Braunschweig University
of Technology. He has also held posts at Volkswagen and its
subsidiary SEAT.
Key shareholders at Volkswagen meet later on Wednesday to
discuss developments in the emissions crisis, which erupted after
U.S. environmental authorities revealed that the car maker had
intentionally installed software to make vehicles perform better in
tests than on the road.
That software is in around 11 million vehicles manufactured by
five of Volkswagen's 12 brands, Volkswagen has said, but not in
Porsche cars.
William Boston contributed to this article.
Write to Ulrike Dauer at ulrike.dauer@wsj.com
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(END) Dow Jones Newswires
September 30, 2015 09:37 ET (13:37 GMT)
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