Before going public - Porsche restructures the supervisory board - Economy

Before the planned IPO, Porsche reshuffles its supervisory board. The Presidium is also shrinking to six people, it said. Hans Michel Piëch and VW supervisory chief Hans Dieter Pötsch are leaving the presidency, but VW finance chief Arno Antlitz and the new VW board member Hauke ​​Stars are moving up. Wolfgang Porsche, trade unionist Jordana Vogiatzi and the works council members Harald Buck and Carsten Schumacher now sit next to them on the executive committee. In addition, two external managers will join the supervisory board. The reason is the establishment of necessary committees before the IPO. A higher proportion of women and the proportion of independent supervisory boards are also likely to play a role.

Source link