Outgoing Chairman Takes a Leading Post at Volkswagen
PARIS/ATLANTA - September 29, 2010 - Matthias Müller, the new Chief Executive Officer (CEO) of Stuttgart, Germany-based Dr. Ing. h.c. F. Porsche AG, officially assumed Porsche AG Board of Management responsibilities today when outgoing CEO Michael Macht ceremonially handed the Porsche steering wheel to his successor on the eve of the 2010 Paris Auto Show.
Müller, comes to Porsche via the Volkswagen Group, where he previously was in charge of Product Planning, Product Management and Model Series for the VW Group and the Volkswagen Brand and very successfully contributed to the development of the Group's product lines.
In one if his first official public acts, Müller will unveil the new 911 Speedster and 911 GTS Coupe and Cabriolet models to the global media at the Paris Auto Show.
Michael Macht has been appointed a Member of the Group Board Management of Volkswagen AG. He is responsible for the Production Division and the control and coordination of all plants within the Volkswagen Group.
About Porsche Cars North America, Inc
A wholly owned, indirect subsidiary of Dr. Ing. h.c. F. Porsche, Porsche Cars North America, Inc. and its 198 dealers offer U.S. customers some of the most technically advanced and high-performance vehicles in the world. Porsche is also synonymous with supreme quality and first-class customer treatment. A testament to this is the fact that Porsche has been ranked No.1 in J.D. Power and Associates' prestigious Initial Quality Study (IQS) during four of the past five years. Also, Porsche is fully and publically committed to being a leader in significantly lowering emissions and saving fuel. The company's guiding credo is "Porsche Intelligent Performance" and the goal is to prove that Porsche's high performance and efficiency are not contradictory terms. A dramatic example of this is the highly-anticipated 918 Spyder - a super sports car that is also a planned plug-in hybrid. Of course this is nothing new for Porsche, which for 62 years has developed numerous technologies that have advanced vehicle performance, improved safety and spurred environmental innovations. Obviously, one expects such achievements from the most revered race car brand in the world --- one that has accumulated more than 28,000 motorsport victories. Today, PCNA imports the cars that are the product of this great history, including the iconic 911 series, the renowned Boxster and Cayman mid-engine sports cars, the high-end Cayenne sport utility vehicles and the four-passenger Panamera Gran Turismo cars.
Contact: Porsche Cars North America, Inc.
Manager, Media Relations
Business Communications Manager