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Porsche extends Matthias Muller's contract by five years

Supervisory Board expresses confidence in Chairman

STUTTGART, Germany and ATLANTA, Feb. 28, 2014 /PRNewswire/ -- In its meeting today, Friday 28 February 2014, the Supervisory Board of Dr. Ing. h.c. F. Porsche AG, Stuttgart, reappointed the Chairman of the Executive Board, Matthias Muller, for further five years. Matthias Muller has been Chairman of the sports car manufacturer since 1 October 2010. His new term of office will commence on 1 January 2015.

Porsche extends Matthias Muller's contract by five years

The Chairman of the Supervisory Board, Dr. Wolfgang Porsche, thanked Matthias Muller, saying, "under his leadership, the company has continued to develop positively and the integration of the sports car manufacturer into the Volkswagen Group worked perfectly. We look forward to working with him in the years to come."

The Deputy Chairman of the Supervisory Board and Chairman of the general and group works council of Porsche AG, Uwe Huck, emphasized the considerable increase in the number of employees, saying, "The Strategy 2018 is paying off. The integration into the Volkswagen Group and the independence of Porsche are no contradiction, they stand for success. Porsche and the number of employees are growing – in Zuffenhausen, in Weissach and in Leipzig. However, in spite of this growth, we want to preserve the proven Porsche culture and we will continue to go down this road with Matthias Muller. He is an employer with a heart and quite simply, that's good for Porsche".

At its meeting today, the Supervisory Board of Porsche Automobil Holding SE, Stuttgart, also extended Matthias Muller's appointment as Chairman of Strategy and Corporate Development for further five years, starting on 1 January 2015. Matthias Muller takes on this function as well as that of the Chairman of the Executive Board of Porsche AG.

About Porsche Cars North America
Porsche Cars North America, Inc. (PCNA), based in Atlanta, Ga. is the exclusive U.S. importer of Porsche sports cars, including the Macan and Cayenne SUVs and the Panamera sports sedan. Established in 1984, it is a wholly-owned subsidiary of Porsche AG, which is headquartered in Stuttgart, Germany, and employs approximately 220 people who provide parts, service, marketing and training for 189 dealers. They, in turn, work to provide Porsche customers with a best-in-class experience that is in keeping with the brand's 63-year history and leadership in the advancement of vehicle performance, safety and efficiency.

At the core of this success is Porsche's proud racing heritage that boasts some 30,000 motorsport wins to date.

Connect with us socially: http://www.twitter.com/Porsche, http://www.Facebook.com/Porsche, http://drive.porsche.com/us and http://www.instagram.com/Porsche

For Porsche apps: http://www.porsche.com/usa/entertainment/apps/

 

Porsche Cars North America, Inc. Logo.

 

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SOURCE Porsche Cars North America, Inc.

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