By Max Bernhard

Porsche Automobil Holding SE (PAH3.XE) said Monday that Matthias Mueller, the former chief executive of Volkswagen, has resigned as member of its executive board, where he was responsible for strategy and corporate development.

Mr. Mueller's resignation follows his departure this month from Porsche's Volkswagen AG (VOW.XE), where he was replaced as chief executive by Herbert Diess.

The departure is in agreement with the supervisory board and is effective April 30, Porsche said.

The company's supervisory board will decide on a succession in due course, it said.

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

April 30, 2018 10:48 ET (14:48 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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