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Another Shake-up at Porsche; Macht Out as CEO

VW cements its control.

by on Jul.06, 2010

New Porsche CEO Matthias Mueller.

Further cementing its hold on the long independent Porsche AG, German rival Volkswagen has appointed its top car-model strategist to run the sports car company.

Matthias Mueller, 57, is the new chairman of the board of  Porsche management, moving from Volkswagen AG where he was in charge of product Planning and product management and model series for the VW Group and the Volkswagen Brand.

Effective October 1, Mueller will replace Michael Macht, 49, who was appointed a member of the board of management of Volkswagen AG. In the future Macht will be responsible for the Production Division and, as a result, the control and coordination of all plants within the Volkswagen Group.

“Contributing (his) knowledge, he guarantees that Porsche, as a world brand, will not only maintain, but further expand its top position,” Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG, said of the new sports car maker’s CEO.

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Mueller’s appointment was viewed as an indicator Porsche would work more closely with VW as it developed new products in the future.

“Matthias Mueller gives us the exceptional competence of an outstanding product expert benefiting the interaction of independent brands within an Integrated Automotive Group leading the market worldwide,” added Chairman Porsche.